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To: Galirayo who wrote (21008)12/14/2006 1:16:33 PM
From: ACAN  Read Replies (1) | Respond to of 23958
 
Ray; [HSR] broken out of a flag today on good volume, now over 9.00



To: Galirayo who wrote (21008)12/14/2006 1:58:48 PM
From: Ken W  Respond to of 23958
 
Ray

%B....to my way of thinking, and the way the tutorial used it, if you use the %B at zero and there is an underlying MA or horizonal support line to comfirm, then you should be fairly certain that there will be a reaction to that support.

Using a 20dMA would not provide enough support, in my opinion, to sustain the reaction. However, the longer term the MA (50, 100 or 200) would make for a more comfortable risk tolerance. Of course this is all strictly TA based and does not take into consideration outside events ie: news, either to the good side or bad side. LOL

Ken