|
PureBytes Links
Trading Reference Links
|
Candlestyk@xxxxxxx wrote:
>
> In a message dated 97-10-18 14:55:42 EDT, knight@xxxxxxxxxxxx writes:
>
> << If you have a market that is displaying BOTH low ADX AND Low volatility,
> it is usually
> SHOWTIME. : ) >>
>
> Walt,
> Wouldn't Bollinger Bands provide a similar picture? A nice b/o point
> for stocks is often: Close to the rising 50 dMA, tightening Bol. Band based
> on 20 dMA, lower intra-day volatility, and volume falling off. Since the 50
> dMA often provides support, the risk is limited, and defined.
RF,
Yes that would work just fine. I would be carefull about trusting the
dMA's and Bollinger for support here though. I have been crushed a
few times, when I *assumed* these supports would hold. :)
Usually, I like to go with some kind of MA , or pattern breakthrough
at these times. It IS nice if the breakout also goes in the direction
of the intermmediate trend.
Walt Downs
CIS Trading
http://www.cistrader.com
|