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To: Zeev Hed who wrote (10296)4/12/2000 4:22:00 PM
From: Starlight  Respond to of 60323
 
According to John Bollinger yesterday on CNBC, you can "diagnose" a RETEST of lows in the market in the following way:

Looking at a chart of the market, choose Bollinger Bands as your technical indicator. The first leg down for the market would show the market activity for the LOW day OUTSIDE the lower Bollinger Band. A RETEST second leg down would stay INSIDE the Bollinger Band. If it doesn't stay inside the Band, then it indicates a NEW low is forming.

tscn.com;

I don't know if this will bring up the correct chart, but if it doesn't, just go to wallstreetcity.com and choose the proper chart and indicator.

Betty