sharing with friends- where are we sigma bands

Hi friends,

This post has zero fundamental content. Please skip to avoid wasting time if you are a fundamental investor or trader or if you are a long term investor of VPG, holding the stock for months to years as this is a short term trading discussion, and provides no interest to such long term investors and traders. Thank you.

While I was actively sharing in the main forum by stock of VPG in the past( not this Short Term Trading sub forum), there was seemingly good interest in the sigma bands chart of VPG that I posted.

Sigma bands have traditionally been used as a measure of risk- where there is low risk in entering at the lowest of the sigma bands and risk of entry or holding is highest at the upper sigma bands. (For an understanding of sigma bands with more charts, read http://www.traderiskmanagement.com). The simple key was to enter at the lowest sigma band and to exit at the upper most top sigma band in order to ride the entire swing for best profits.

I recalled a few members who might benefit from an update of the sigma bands chart of VPG, at least for the short term, and so here is an update of VPG in the sigma bands chart for the enjoyment and "entertainment" of all short term traders as well.



Observations
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1. Where the price touches the lowest sigma bands, risk is lowest and price has rebounded from those low sigma bands to generate an exit where price touches the top sigma bands. I have marked two Entry positions and one Exit position on the chart for past ocassions this event occurred.

2. If you check the latest VPG price, you can see where price is located within the realms of sigma bands, and thus make a technical assessment as to the "risk" position...and answer such questions as: 1. Is price low enough for an entry at low risk? 2. What technical trade action should I take for VPG in relation to its location within the sigma bands?

Until we see a low risk entry position, may the best prices be yours,

dascore