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Pastimes : ASK Vendit Off Topic Questions -- Ignore unavailable to you. Want to Upgrade?

To: Vendit™ who wrote (17557)	12/26/2000 1:04:21 PM
From: Walkingshadow	Read Replies (1) \| Respond to of 19374

Thanks, Reid. As of 1 pm EST, BEAS looks to have stabilized nicely at 68 and found support, after an initial selloff, and ready now to move soon. Spread is currently very narrow (1/16), a Doji just formed, and technicals look good at the moment: askresearch.com << If I remember Bollinger theory correctly the fact that BEAS closed above that MA means a continued move towards and contact with the upper band is very likely >> This is something I'm confused about. Sometimes you see stocks which move above the MA, then reverse near that MA, then retrace back to the other band, and repeat the process. But as you say, other times you see stocks which move right through the MA, then keep right on going to the opposite band. I am not sure how to distinguish these two. Maybe a clue is whether there is chart or technical evidence of a trend reversal within a time frame comparable in some way to the time frame of the Bollinger bands you're using. Maybe I just don't know enough about Bollinger bands. Any thoughts? Thanks, Terry