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STAAR Surgical Company Message Board

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  • jusdoit91 jusdoit91 Oct 8, 2003 5:42 PM Flag

    Amature T/A

    always open to learn

    Please explain your self.

    I must admit I had to be away from the computer from 12:30 to 3:30

    A student all the time.

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    • The two signals were:

      1. A reversal bar formed (with a strong volume) with today's movement. That the stock did this with the market being down is another positive.

      2. A Bollinger Band trading buy occured when the stock closed within the lower band after being below the lower band (oversold).

      That being said, much will depend on the CC tomorrow A.M. (news can often trump techinals). I will be listening.

      You never stop learning.

      Good Trading,

      • 1 Reply to microcaptain
      • Ok, let me teach you amatuer technicians a few things...A) Bollinger Bands don't work...B) Today was a rise in lower volume compared to the last few days - very bearish...c) Technical Analysis trumps fundamental by far....D)I am so happy there are so many longs! This is wonderful...when this board turns bearish I will cover (with a nice gain I will add). You will all be excellent contrary indicators.

8.09+0.03(+0.37%)Aug 28 4:00 PMEDT