In my previous post Sector Technical Analysis: Big moves
ahead ?? I highlighted that there could be some volatility going
ahead as the weekly Bollinger bandwidth was less than 10% and this had happened
only 20 times in 15 years. Well…the situation is not much different today. Still
the BB width is less than 10% since it is calculated on closing prices, this makes me believe that we have not yet
witnessed the end of volatility…this is the 6th week in a row
that BB width is below 10% - 2nd longest stretch on record !
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