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Technology Stocks : MSGI Marketing Services Group Inc. -- Ignore unavailable to you. Want to Upgrade?


To: John Madarasz who wrote (2389)10/23/1999 7:10:00 PM
From: herringbone_100  Read Replies (1) | Respond to of 3418
 
Got this off Amigo's thread... msgi? (hope springs eternal- although I shouldn't complain as I have made much $$ off this stock so far- can't help hoping - along with many others it seems- for a repeat of buy at 10 sell at 57... that's what dreams are made of :))

"Mr. Bollinger also contends that:

Sharp moves tend to occur after the bands tighten to the average, when
a stock is less volatile. The greater the period of less volatility, the
higher the propensity for a price breakout.

When the price hits the upper or lower bands, it is suggested to confirm
with other indicators whether that price movement shows strength or
weakness, respectively, which could indicate a continuation. If indicators
do not confirm this movement, it can suggest a reversal.

Tops or bottoms made outside the bands, followed by the same inside
the bands, indicate a trend reversal.

A move originating at one band tends to go to the other band. "