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Strategies & Market Trends : Technical Analysis- Indicators & Systems

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To: TechTrader42 who wrote (1253)	6/2/1997 5:57:00 PM
From: Bruce A. Bowman	of 3325

re: Fib numbers... I strongly believe in using what works for you. Gann had his own set of numbers. re: std deviation of 1.6... unless you have some test results that guide you to use 1.6, I don't see the statistical significance of the value. 2 std deviations will capture (I believe) 95% of the data values inside the bands. 1.6 would give you something on the order of 70 or 75% of the data points, i.e. ~25% of the data can be expected to fall outside the bands independent of how wide that bands are. I haven't tried this, but perhaps a simple % envelope around the MA plus the Bollinger bands might help you visualize what you want "wide" to be. You could look for the B-band to cross the envelope as a filter. You might want to plot this on a semi-log chart so that the %-bands stay the same apparent width from the data. re: ... no one will read it... Sorry. Everyone will read it! :-) And hopefully they'll think about it and maybe even have some suggestions for improvement. Or better yet make some $$$ with it. Bruce

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