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Strategies & Market Trends : P&S and STO Death Blow's -- Ignore unavailable to you. Want to Upgrade?


To: Jeff who wrote (9564)10/6/2002 3:52:17 PM
From: ajtj99  Read Replies (2) | Respond to of 30712
 
I'd like to offer a friendly amendment to Justa's "Buy the New Low" mantra.

Buy the new at or below the lower Bollinger Band on the Daily chart:

NDX daily lower BB is at 803 currently

stockcharts.com[h,a]daclyyay[pb20!b50!b200!c13!c20!c50!i!d20,2!f][vc60][iUb14!
La12,26,9!Lg!Li10,10!Lh5,5!Lp14,3,3!Ll14][J6471081,Y]&pref=G

You'll notice the past 6-months any buy at or below the lower BB was followed by a high above that level, making it a fairly low-risk buy relative to the market danger.