Clark - Thanks for your input. Understand this does not test for a
move outside the bands (but I like that one too, as a short). This
tests for 5 days of same or narrower bands, then an expansion of
bandwidth of 10%+. These breakouts go in both directions, of course.
For that, I have a Ouija Board. <gg>
I am not suggesting that a Bollinger breakout is the key to finding
stocks in a long rise. It is simply to find Bollinger breakouts,
which seems to be in demand by some. Like Richard's Breakout scan, it
DOES pay to look for retracements and see where the support is.
For the record, my best indicators to be sometimes used in conjunction
with this to find stocks beginning an uptrend are:
OBV crossing 90 dma to upside
OBV being up last two days after being down two days before that (REAL early)
MACD 13,34,89 crossing signal, then crossing zero
STOCHASTICS 55,21 crossing 21 dma
-Al |
