David, thanks for the response.
<<For example I think Bollinger Bands are very useful. I use a 34 day version which seems to be more useful than the traditional 20 day version (see my website). Turning points using this method correlate well with turning points using a time series method I have devised. I use both these to determine when to get in and out. I use fundamental analysis to decide which stocks to invest in in general.>>
How accurate has your analysis method been? What percentage of your decisions are correct?
The Bollinger Bands, in my opinion, are really nothing more than a control chart...used widely in Quality Control situations. (That is, the Bollinger Bands are a mean with +/-2 sigma limits. The purpose of the Bands is to tell the difference between random variation in the data, and situations that have assignable causes. (If my memory serves me correct.) However, the market is not a "manufacturing, machining process, etc." The human factors in the market, among others factors, would seem to make the Bollinger Bands almost useless in this type of environment. I have used the Bands myself, however, have never used them to make a trading decision. Maybe I should.
I will visit your web site and see what information you have posted.
Thanks for the information.
Stock Bull |
