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Re: Bollinger Bands & Formula Monkeys



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Monkey see, monkey do.

Steve Karnish
Cedar Creek Trading
http://www.cedarcreektrading.com
----- Original Message -----
From: John Manasco <john@xxxxxxxxxxx>
To: <metastock@xxxxxxxxxxxxx>
Sent: Wednesday, August 09, 2000 9:56 AM
Subject: Re: Bollinger Bands & Formula Monkeys


> And I don't want to catch you spanking it again either.
>
> ----- Original Message -----
> From: "Steve Karnish" <kernish@xxxxxxxxxxxx>
> To: <metastock@xxxxxxxxxxxxx>
> Sent: Wednesday, August 09, 2000 10:24 AM
> Subject: Re: Bollinger Bands & Formula Monkeys
>
>
> > I would never let you "pet my monkey"!
> >
> > Steve Karnish
> > Cedar Creek Trading
> > http://www.cedarcreektrading.com
> > ----- Original Message -----
> > From: Douglas C. Weber <dcweber@xxxxxxxx>
> > To: MetaStock List <metastock@xxxxxxxxxxxxxxxxxx>
> > Cc: MetaStock List <metastock@xxxxxxxxxxxxx>; MetaStock List
> > <metastock-digest@xxxxxxxxxxxxxxxxxx>
> > Sent: Wednesday, August 09, 2000 5:33 AM
> > Subject: Bollinger Bands & Formula Monkeys
> >
> >
> > > God if I see another question regarding Bollinger Band formulas I'm
> going
> > to
> > > PUKE!  They are worthless for technical
> > > trading.  Draw some support/resistance levels, a few trendlines, and
an
> > > oscillator (ie. stochastic) for overbought/oversold.
> > > Along with volume spikes and news announcements, these are the only
> tools
> > > anyone needs.  I've never seen a "Formula
> > > Monkey" who could make consistent money.
> > >
> > >
> > > ______________________________________________
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> >
> >
>