Monday, January 09, 2006

 

Intraday : Pullback on Bollinger Band Expansion





Charts courtesy of Prophet and OptionsXpress



On Monday just after 2:20 pm, we witnessed another textbook expansion in volatility in the QQQQs after the 20 period, 2-SD Bollinger bandwidth had constricted in the daily chart. The QQQQs and other indices pulled back from their session highs but volume did not confirm. So, we are seeing a rally from the lower bollinger band. Where the indices close today and on what final volume will be KEY.

Technorati Tags :

# posted by Kaiser Soze @ 2:51 PM
Comments: Post a Comment



<< Home
 
Disclaimer: This site may include market analysis. All ideas, opinions, and/or forecasts, expressed or implied herein, are for informational purposes only and should not be construed as a recommendation to invest, trade, and/or speculate in the markets. Any investments, trades, and/or speculations made in light of the ideas, opinions, and/or forecasts, expressed or implied herein, are committed at your own risk, financial or otherwise.

This page is powered by Blogger. Isn't yours?