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Strategies & Market Trends : Winter in the Great White North -- Ignore unavailable to you. Want to Upgrade?

To: marcos who wrote (240)	2/2/2001 5:20:46 AM
From: LeonardSlye	Read Replies (2) \| Respond to of 8273

Marcos: Actually, I think Bollinger bands can be quite useful on pretty much any stock...as long as you don't use them to buy anything. They use standard deviation (lots of square this and square root that) to measure price volatility. I figure volatility to be another word for risk so if you've got enough indicators pointing in one direction, the bands can give you some idea of how risky the play might be by their width and where the price is in relation to them. This seems to work for me, but it's funny how when we use indicators to be more objective, the whole thing becomes very subjective in their choice and usage. I've been thinking of putting gas prices onto a graph, LOL. I thought I'd found the bottom at 64.9 the other day and I'd no sooner put a full tank in the mighty Geo when I saw it at 64.5 at the next gas station. But now it's at 70 cents so my gas is worth more...talk about a wasting asset though. At least it's liquid. Thanks for the welcome Marcos and congrats to the CPT holders. There's some good folks holding that stock. Happy Trails Lenny