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Gold/Mining/Energy : ASHTON MINING OF CANADA (ACA)

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To: Pete Mimmack who wrote (4202)	3/2/1998 10:32:00 PM
From: Jimsy	Read Replies (2) of 7966

Pete - explanation off the web Bollinger Bands Bollinger Bands plot trading bands above and below a simple moving average. The standard deviation of closing prices for a period equal to the moving average employed is used to determine the band width. This causes the bands to tighten in quiet markets and loosen in volatile markets. The bands can be used to determine overbought and oversold levels, locate reversal areas, project targets for market moves, and determine appropriate stop levels. The bands are used in conjunction with indicators such as RSI, MACD histogram, CCI and Rate of Change. Divergences between Bollinger bands and other indicators show potential action points. As a general guidline, look for buying opportunities when prices are in the lower band, and selling opportunities when the price activity is in the upper band. As I stated though, you should always look at indicators in the context of what is going on and other indicators and that is why the DMI and MACD are plotted as well.

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