The Thread Formerly Known as No Rest For The Wicked Message Board

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Strategies & Market Trends : The Thread Formerly Known as No Rest For The Wicked

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To: kathyh who wrote (43639)	5/21/1999 9:03:00 AM
From: stan s.	Read Replies (2) of 90042

SCUR, nice basing pattern. Very narrowed Bollinger bands. The longer this takes place the more violent the initial move can be. Recent examples mentioned on this thread AXNT, MANU, ASDV, AXC etc..In a case like this the Bollingers (20, 2) become their own natural indicators of support and resistance. The seeming boredom with the stock...i.e. flat line is not boredom per se but rather pent up emotion that's waiting for any news or rumor to release it, sending it flying, up or down...more often up, in a pattern like this. As you point out, what's the downside? Volume is picking up the last 3 days, stocks hanging on that lower Bollinger band. I know very little about the company. If I was going to play...I'd simply play for the possible pop. Stan

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