chart, page-3

Hi Brickwalls
interesting how sow many (thumbs) ,have recognised your TA precis, so quickly...pretty succinct I reckon.

My own opinion was Bollingers were essential arsenal and perhaps the best of stand alone indicators.
Its a long read but http://www.technicalanalysis.org.uk/taxonomy.html
is my source of reference for that conclusion...
But you are so right about Algorythyms turning so much TA theory on its ear.Technology has bitten us Chartists on the Bum..
The momentum just isnt there with ADO as you say but it is in a very long accumulation Pennant as such...

I tried a few Bolly adjustments for fun and found the Volume adjusted Ma's actually cooled off Fridays Break...

Heres a Trending Pennant Channel with Fibs and a Rahul Mohindar Template set from Metastock.
cheers
Hmm typing this watching the gladiator movie....arghhhhhhhhhhhhhh