Thursday, December 2, 2010

Bollinger Band Retreats and NASI Bottoms







The 38 NASI bottoms over the past 12 years were either Simple (28; 73.7%) or Complex (10; 26.3%). During NASI downlegs the NASI Price retreats from the BB either early (during Upticks), or right before or at the time a NASI bottom occurs. The NASI price has recently retreated, which suggests an Uptick or NASI bottom related Market Uptrend.

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