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Re: Bollinger Bands & Formula Monkeys



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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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>
>