Friday, March 13, 2009

Bollinger revisted

The last time the Bollinger Bands were narrow, we had a big move.

Now they are narrowing again. The way Bollinger Bands work is, whenever this happens, there is usually a breakout. So going into this weekend, we should prepare for something next week. Sunday night, Bernanke is on 60 minutes...what could that mean for the Greenback? Remember the Dollar's break of that channel?

Stay tuned for my direction prediction! (Note: watch how equities finish the day.)

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