Candlestick Charting--The unknown indicator Message Board

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Strategies & Market Trends : Candlestick Charting--The unknown indicator

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To: k.ramesh who wrote (1506)	2/4/1999 12:41:00 PM
From: MonsieurGonzo	Read Replies (1) of 1589

Ramesh; RE:" Bollinger Bands " I wish I knew more about Bollinger Bands, but I don't, Ramesh. WLA is in my CORE, part of the "defensive" mix of DRG.X stox including PFE WLA SGP, so I follow that one. The stock has been, for all intents and purposes, flat since last JUL-98. FWIW on WLA I use an 11-day EMA of closing prices, displaced -5%, to form the lower-end of an apparent "channel" (kinda like a Bollinger Band). Whenever WLA is below this measure, it is a "dip". If you are bullish, right now WLA is acting like it wants to go up +10% to ~80, having just broken a DownTrend Line drawn between CLOSE 23-NOV and CLOSE 07-JAN. There is a fibonacci line at ~72. S I do not follow at all, so plead complete ignorance. FWIW my CORE RLX.X holdings consist of: WMT HD WAG SWY GPS BBY TWX. Wish I could be of more help with Bollinger, Ramesh - I just don't have any experience with this tool. -Steve

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