Bollinger on Bollinger Bands System IV, a simple and direct approach to confirmed breakouts. The basic pattern is a three-day sequence.
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Day one: Close inside the band.
Day two: Close outside the band.
Day three: Alert if we trade higher (lower) than the high (low) of day two.
Signal if we close higher (lower) than the high (low) of day two.

In essence we are looking for stocks that are strong (weak) enough to get outside the bands and then extend their moves.
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Originally posted by VNGNTN1:
P90
Any thoughts on how BB fit with Pivot points ?

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Originally posted by scs005:
Can anyone please explain these lines.

Bollinger on Bollinger Bands System IV, a simple and direct approach to confirmed breakouts. The basic pattern is a three-day sequence.
****************************************
Day one: Close inside the band.
Day two: Close outside the band.
Day three: Alert if we trade higher (lower) than the high (low) of day two.
Signal if we close higher (lower) than the high (low) of day two.

In essence we are looking for stocks that are strong (weak) enough to get outside the bands and then extend their moves.
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scs...this is hard to explain without a chart, but I'll try to give a basic example.

Suppose the Bollinger Bands are at .80 and 1.00 on a stock. The stock begins to rise. Day 1 it closes at .95....very near the top Bollinger Band, but still inside the boundary. Day 2 it closes at 1.05....above the top Bollinger Band. Day 3 it closes at 1.10. Above the high of Day 2. This would be a "confirmed breakout" as described by Mr. Bollinger. This example is for someone buying stocks long.

The opposite would be used if shorting a stock. Day 1 at .85. Day 2 at .75. Day 3 at .70. Confirmed break downwards.

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Originally posted by VNGNTN1:
P90
Any thoughts on how BB fit with Pivot points ?

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What is alert stands for. Please check this site
for GLBT http://bigcharts.marketwatch.com/intchart/frames/frames.asp?symb=glbt&time=&freq=

also for Gtel http://bigcharts.marketwatch.com/javachart/javachart.asp?symb=gtel&time=&freq=

Experts please exaplin this chart. I bought GLBT this after at 0.201.

Thanks

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Originally posted by PSU90:
scs...this is hard to explain without a chart, but I'll try to give a basic example.

Suppose the Bollinger Bands are at .80 and 1.00 on a stock. The stock begins to rise. Day 1 it closes at .95....very near the top Bollinger Band, but still inside the boundary. Day 2 it closes at 1.05....above the top Bollinger Band. Day 3 it closes at 1.10. Above the high of Day 2. This would be a "confirmed breakout" as described by Mr. Bollinger. This example is for someone buying stocks long.

The opposite would be used if shorting a stock. Day 1 at .85. Day 2 at .75. Day 3 at .70. Confirmed break downwards.

[This message has been edited by PSU90 (edited December 23, 2003).]

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Once agin thank u for your time.

Thanks- SCS

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Originally posted by PSU90:
scs.....take a look at this chart for GLBT (which was IDNW before today).
daclyyay[da][pd20,2!c4,9][vc60][iLp14,3,3!La12,26,9]&pref=G]http://stockcharts.com/def/servlet/SC.web?c=GLBT,uu[m,a]dac lyyay[da][pd20,2!c4,9][vc60][iLp14,3,3!La12,26,9]&pref=G

It shows the upper Bollinger Band (blue line). You can see that 4 days ago it closed inside the band. 3 days ago above the band. 2 days ago above the high of of the previous day. Confirmed breakout per Mr. Bollinger. Today it again closed higher, BUT the bears drove it down (the wick at the top).... this is known as a "shooting star" candlestick formation. It is bearish and indicates that the breakout MAY (but not definite) end. I would set a stop (mentally). You bought close to the top of this formation, so if it reverses...not much you can do. It may still climb though. You have to make the call on how far you think it will go if it does. When it reverses, it may be hard to get out quickly.

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Both Bollinger Bands visible in this one. 2 days ago closed inside. Yesterday closed above. Today closed above the high of yesterday. Confirmed breakout per Mr. Bollinger...triggered the alert you got.

I just don't want anyone to make a buy/sell choice based strictly on my view. Thanks...PSU

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Originally posted by scs005:
Thank you very much for explaining me.
I will try to sell it, first thing in the morning,

Once agin thank u for your time.

Thanks- SCS

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Today's close was just inside the top Bollinger Band. The MACD and Stochastics both turning upward in bullish fashion. What we are looking for is a break of the upper Bollinger Band tomorrow. Will it happen? Personally, I think so.....but, nobody can predict anything 100%!

B'cos u experts and tech details, I was holding it in all stroms. I bought around 0.041. I am holding it tight.

I bought 5K GLBT at 0.21.
I too felt that I should dispose ASAP.

Thanks once again

Thanks-
SCS005

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Originally posted by PSU90:
SCS....now compare the chart for PGHI to the two above and see why we are excited on that thread. Just to be open, I own PGHI, and hope to see it gain.
daclyyay[da][pd20,2!c4,9][vc60][iLp14,3,3!La12,26,9]&pref=G]http://stockcharts.com/def/servlet/SC.web?c=pghi,uu[m,a]dac lyyay[da][pd20,2!c4,9][vc60][iLp14,3,3!La12,26,9]&pref=G

Today's close was just inside the top Bollinger Band. The MACD and Stochastics both turning upward in bullish fashion. What we are looking for is a break of the upper Bollinger Band tomorrow. Will it happen? Personally, I think so.....but, nobody can predict anything 100%!

This chart also shows a potential "shooting star" that was NOT confirmed by the next day's trading. See yesterday's white candle with long wick. But, today it gained solidly and closed at the high. If you look at Dec. 8 on the chart, that is a shooting star formation that was confirmed by the following day closing down.

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