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Strategies & Market Trends : Technical Analysis- Indicators & Systems
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To: ftth who wrote (3134)4/13/1998 9:01:00 PM
From: Spots  Read Replies (1) of 3325
 
Dave, I see you ignored my suggestion not to spend time
on this. I appreciate it (and find it typical of most
TA types also -- going out of the way to help).

I've only glanced over your related "babble" post, and,
as I've been at pains to point out, am hardly qualified
to comment. Therefore, here's my off the wall reaction:
I completely agree that anything from past periods has
at best tenuous relevance to current actions. By "past"
I mean past over and done with; not immediate past.
I do see some relevance of standard deviations in a
recent period (e.g. Bollinger bands) as a measure of
current volatility, though, even though I don't find
Bollinger bands too useful because conventional
wisdom about them seems to be self-fulfilling.

Sorry, this has to be brief. Besides, WDIK? But I
will look further and try to comment more later if
I form any opinions worth commenting about.

Thanks again for all your trouble.

Regards,

Spots
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