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Re: Bollinger Bands & Formula Monkeys



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Doug,
    First of all I witnessed Brooke make those trades using Bollinger Bands 
in real time. It pays, in more ways then one, to be open minded before making 
carte blanche statements such as the ones you have made.  And second, you 
need to take a look at yourself in the mirror because it seems you've become 
a "Formula Monkey" yourself!  And I quote "Draw some support/resistance 
levels, a few trendlines, and an oscillator (i.e. stochastic) for 
overbought/oversold."  What the heck do you think stochastics are derived 
from?  Thin air? By the way, love to see how great Oscillators work in a 
TRENDING market, you know sell when it crosses 80 while the stock is trending 
up, yikes!! - Lenny 

In a message dated 08/09/2000 6:38:42 AM Pacific Daylight Time, 
brookelise@xxxxxxxxxxxxxx writes:

<< I made a few bucks trading some tech stocks off the lower B band last week
 and this week, Doug (for example AMD, AMAT and CSCO). And what's more, the
 trades were based on a system that makes consistent profits. The signals
 were plain as day.
 
 -- A Formula Monkey