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Strategies & Market Trends : Waiting for the big Kahuna

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To: bearshark who wrote (30597)10/7/1998 11:14:00 AM
From: Moominoid  Read Replies (1) of 94695
 
Our current position corresponds to a 34 week Bollinger band on SPX. It seems to be very hard for the index to go lower. It keeps bouncing back again.

Somehow in 29 and 87 it crashed right through after bouncing a bit. Well I have only looked at a chart haven't got the data. If anyone out there does it would be very interesting to find out where this Bollinger Band was at then.

David
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