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To: Peter V who wrote (37265)	2/10/1999 6:56:00 PM
From: VincentTH	Respond to of 95453

Peter, RIG's 52w low was established on 9/1/98 at 23.00 //V

To: Peter V who wrote (37265)	2/10/1999 6:59:00 PM
From: DavidG	Respond to of 95453

Peter, Ah yes...BB...Bollinger Band...didn't quite know what you were referring to. Anyway It looks like RIG was riding the lower band for a few days...but it usually indicates a point at which it turns back up and approaches the moving average line. 207.95.154.130 DavidG

To: Peter V who wrote (37265)	2/10/1999 7:07:00 PM
From: drsvelte	Read Replies (1) \| Respond to of 95453

Peter: You are right, the lower BB is not the same as the 52 week low. The BBs reflect price variation over time and are measured (statistically) as standard deviations. The "wider" the BBs, the greater the price variability and vice versa. Traders look for: a "narrowing" of BBs that may signal a price move (up or down) may be imminent, penetration above or below a band, which may signal a confirmation of the current trend. Below is RIG's chart -- you can see how RIG "surfed" (Thean's term) the bands on up and down ramps. Rig seems to have good support at 23. 207.95.154.130