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Bollinger Bands & Formula Monkeys



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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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