Monday, October 17, 2011

Targets?

I'm getting a lot of emails about targets for a bounce, truth is I have no idea, I just see the short term positive divergences and when they turn negative, then we have a better idea.

As far as a guess...
 This 30 min Bollinger Band has acted pretty well, possibly the upper band, however that may turn down a bit as it lags.


Here's the trend using linear regression, there's the "Kiss the channel good bye" effect, but that appears it may have already happened on the first break of the channel and Friday acting as the kiss.

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