nag of a day , page-18

02/11/11

just thought i'd continue this thread not clutter with a new one

LYC just served up a potential bollinger play on the intraday

looking at 5 min, 10 min, bollinger settings 10 and 2

first bar way out of lower bollie, we wait then for a bar to CLOSE above the HIGH of that first bar

on the 5 min we got the confirmation on our 4th bar, on the 10 min we got it on our 3rd bar

stuck on Support 1 pivot point at 1.16 though, but if it can break 1.16 then IMO we have good chance to close the intraday gap, considering pivot point is 1.19

nice how volume is decreasing on the intraday as the initial high volume bar is progressively being tested from above