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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
----- 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 8:33 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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