Slope of Hope Blog Posts
Slope initially began as a blog, so this is where most of the website’s content resides. Here we have tens of thousands of posts dating back over a decade. These are listed in reverse chronological order. Click on any category icon below to see posts tagged with that particular subject, or click on a word in the category cloud on the right side of the screen for more specific choices.
I’m starting with a detailed analysis of the current rare bollinger band setup this morning, so if your interest in TA is limited then you might want to just skip through to the charts.
I was saying yesterday morning that the daily upper bollinger band could move up five to eight points every day in a strong uptrend, and was slightly taken aback yesterday at the close when I saw that the upper band had fallen from 1688.65 at the close on Wednesday to 1688.20 at the close on Thursday. The reason for that is that the 20 day moving average, which is the daily middle bollinger band, is still flat to slightly declining, and as the upper and lower bands are two standard deviations away from the 20 DMA, then as the 20 DMA declined slightly over the day, so did the upper band. (more…)