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Strategies & Market Trends : The Rational Analyst
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To: ftth who wrote (217)1/16/1998 12:11:00 PM
From: Cornstock  Read Replies (1) of 1720
 
Dave, I'm so new at this TA stuff that you wouldn't want my opinion. But I agree with you that bigger stocks the strong ones on the NYSE and NASDAQ do not allow much imbalance from standard deviation. I have noticed that if a strong stock hits its' lower bb or drops below it, it immediately pops back in and will usually move up. The volume on that move up increases also, and almost immediately. I am wondering if those are program trades that are triggered. On the other hand, if the higher bb is penetrated on stronger stocks, it is not as releveant but does seems to indicate that at a minumum it usually will at least indicate a basing period for strong stocks. They don't seem to stay above the bb. I beleive that the above is only true when there are no outside influences such as good new or bad news. For weaker stocks and even the high flyers, moving outside the bbs seems to indicate an exhaustion phase - both at the top and at the bottom of their bb's. However, the smaller stocks don't behave very well, and other TA indicators seem to be much more important.
Again, I have to emphasize that I am very much a rookie at this and you know what they say about keeping your mouth shut when you don't have knowledge. At this point I'm only looking at it from the perspective of trying to solve a problem, or answer a question based on the available information..
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