Thursday, December 10, 2009

Big Move Coming: Bollinger Bands Tightest in 2 Years

so says They are hoping to trade the break to the upside, but are also ready to trade the short side should the break be to the downside. And they are urging us to be ready, either way.

Here's a partial screen capture of the bollinger bands on major indices from their newsletter on December 9, 2009. The anticipated big break didn't happen today. Thrill and suspense. I am yet to get ready for the short side though.

And here's the link to their Wednesday newsletter. You can sign up at their website to receive the newsletters for free.

They also mentioned trading ideas in the newsletter. Two of them happened to be the stocks I've been watching to enter on the long side: IBM and POT. Other ideas that looked interesting was ALB, JASO, and GD (all long), and NKE (short, but only if the general market breaks down). Please do your own DD.


  1. Maybe OPEX next week will move it out of the zone.

  2. Hi Temo. I hope so too. I don't like this holding pattern of the past month on low vol.