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To: JohnG who wrote (51179)11/20/1999 11:02:00 AM
From: Jim Willie CB  Read Replies (1) | Respond to of 152472
 
Bollinger Bands are only narrowing, no biggee
we moved inside the band in healthy fashion

I have upper band at about 408-410 now
we should have little if any resistance up to 400

I spoke a little prematurely about a daily stochastic crossover
it needs a couple more days of cooking, before it crosses

good news though on momentum swing playground
a nice clear swing is in progress
on pure closing price basis, swing down from 378 to 343
(that is 35 points)
... and now swing back up to 410-415
I consider this close basis scenario quite conservative

however, on an intraday price basis we should have more fun
swing down from 406 to 329
(that is 77 points)
... and now swing back up to 480-485

I still ride the swings at parks
I push the little bastards out of my way and hop on!!!

wheeee, Jim Willie