Mar

29

I have a question regarding Bollinger Bands. Is there such a thing as Double Bollinger Bands? That is when the stock goes down and touches the first Bollinger Band ring, you buy, but if the stock does not reverse itself and continues downward, you sell out when it hits the second Bollinger Band ring.

Jim Sogi writes:

Buy and Read John's Book, Bollinger Bands by Bollinger. He explains all the various signals there. He's a member of the list, so I will tout for him. My only comment, is that like other indicators, they are retrospective. They are better than most because of the prospective expectation of persistence of volatility. My theory as I have propounded here is that concurrent market internals are helpful if not better than many retrospective guides, and even prospective guides from prior data used alone especially on a short term horizon or at least for execution.


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