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iShares Silver Trust Message Board

  • idealcarpentry idealcarpentry Mar 25, 2013 7:54 PM Flag

    Bollinger Band

    So what usually happens when the Bollinger Band get tight and narrow like this ? I will let you chart Guru's tell us and why....

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    • Every day is a new day. I don't think historical charts are meaningful at all. People tend to get so detailed in them to try to figure out what's going to happen. Supply/demand, public reaction, economic news, etc are what drive prices of silver/gold up and down. Not fancy lines on yesterdays chart.

    • It generally indicates a major price move, it also uses or is a function of the 20-day MA and the 'tighter' the bands the more significant t the move. I'd say it would probably shoot up based on the charts alone; but there's apparently more going on with this thing according to other posts.
      I'll commit here and say $32 or more the longer the squeeze continues. I'm not a guru BTW.

      Sentiment: Buy

 
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