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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives
SPY 677.48+0.3%Nov 5 4:00 PM EST

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To: GROUND ZERO™ who wrote (90624)3/15/2017 12:09:30 PM
From: Underexposed  Read Replies (1) of 218450
 
Thank you for your comment...always appreciated.

it's rare to reach beyond that particular Keltner 5 band... and when the market does stretch beyond that band, then there's always a counter trend reaction within another bar or so... this would suggest that we could see a market correction within another month or so that could easily take prices below current levels.
I cannot really comment on that as I have not researched Keltner bands much. To me they don't give as much information as Bollies do. Also as you know, I am not a big fan of looking for current trends in multi-years of data. Those type of charts are more of a long term trend indicator. In this chart you are going to wait a whole month for one-more-data point... doesn't seem to me to be the way to go.... But that is me.
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