Monday, June 6, 2011

Bollinger Band Uptrend Dip--Week 1, Day 1

My newest strategy--The Bollinger Band Uptrend Dip--and its criteria (admittedly a work progress):
  • Simple Moving Average in an uptrend (the majority of the closes are above the SMA line) on the 1 year chart
  • At least one close (but no more than three closes) below the moving average line
  • Subsequent close (and entry point) above the moving average line AND the upper Bollinger Band correspondingly increases in value.
  • For bear markets--a price line that looks like it runs in a mirror image of, not in a parallel way to, the S&P Index.
I next need to figure out how to go about finding these stocks.

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