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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA -- Ignore unavailable to you. Want to Upgrade?

To: Matthew L. Jones who wrote (2059)	12/16/1999 11:28:00 AM
From: fut_trade	Respond to of 19219

I have real-time intraday Bollinger Bands with E*trade. In hindsight, I will go with a combination of intraday and daily Bollinger Bands from now on. I failed to understand all aspects of the tools I was using. But that mistake is corrected. I will never use Stochastics. RSI is nearly identical to %b (derived from Bollinger Bands). I also use a combination of 200-day (2.5 sigma) and 20-day (2.0 sigma) Bollinger Bands. 20-day Bollinger Bands do not give a good indication of a top. 10-day Bollinger Bands are even less useful for identifying a top. I am using small amounts of capital with QQQ. I understand the dynamics of SPY much better. Also, since the Trend of QQQ is firmly up, I should not be shorting it now. But I wanted to pick the very top, which I thought was earlier this morning. Sometimes one's ego gets in the way.