Bollinger - Bollinger on Bollinger Bands

Praise for
Bollinger on Bollinger Bands

Im proud to say John Bollinger has been a friend of mine for 20 years. The Wall Street community is full of very bright people, and John is one of the brightest. I have always been impressed with his intelligence, his common sense, and most of all his integrity. The Bollinger Bands he developed have become an important tool for traders looking for a simple, effective way to identify market trends. This book is a wonderful, easy-to-understand explanation of his famous baby.

BILL GRIFFETH
CNBC TV Anchor

Get the word from the Master! Bollinger, who skillfully writes an insightful weekly commentary, has turned his skills to the trading techniques you can use to successfully trade the indicator which bears his name. The three trading schemes cover everything but range trading, and the indicator discussion is heaven for tech junkies.

JOHN SWEENEY
Editor
Technical Analysis of Stocks & Commodities

Bollinger Bands have always been both popular and powerful. Now John explains the Bands in detail, from the Squeeze to the Walk to the relationship between the Bands and other indicators.

STEVE ACHELIS
Author of Technical Analysis from A to Z

BOLLINGER ON BOLLINGER BANDS

Copyright 2002 by McGraw-Hill Education. All rights reserved. Except as permitted under the United States Copyright Act of 1976, no part of this publication may be reproduced or distributed in any form or by any means, or stored in a database or retrieval system, without the prior written permission of the publisher.

ISBN: 978-0-07-138673-9
MHID: 0-07-138673-4

The material in this eBook also appears in the print version of this title: ISBN: 978-0-07-137368-5, MHID: 0-07-137368-3.

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PART I
IN THE BEGINNING

PART II
THE BASICS

PART III
BOLLINGER BANDS ON THEIR OWN

PART IV
BOLLINGER BANDS WITH INDICATORS

PART V
ADVANCED TOPICS

PART VI
SUMMING UP

In June of 1984 I first walked through the door of 2525 Ocean Park Boulevard in Santa Monica, California. It was the home of the Financial News Network, the nations first television network dedicated solely to the coverage of economic, market, and business news. FNNs headquarters was an ungodly place, a ramshackle box of a two-story building. It was singularly unimpressive. Square, somewhat dilapidated, and cramped, it housed scores of employees who were charged with putting on 12 hours of business news every day, for little money and for virtually no viewers. Such was the environment I encountered exactly 17 years ago.

I took an entry-level job at FNN because neither Mr. Spielberg nor Mr. Lucas recognized my budding talent as a filmmaker. Not that they knew I existed, but while I was convinced of my potential as a world-class auteur, no one else seemed to notice my graduation from film school. Only an old friend from high school offered me gainful employment, and it was in an area of the media with which I was thoroughly unfamiliar. For me FNN was a temporary resting place, a ground-floor opportunity that would pay the bills while I peddled my scripts for mainstream TV shows and feature films that would one day soon make me rich and famous.

So I began my job at FNN with some reservation. While it represented a learning experience that could help me hone my media skills, the content was frighteningly dull, or at least I thought at the time. There were many numbers (which I did not have the head for), a lot of jargon, and there were many items I had simply never heard of ... wool futures and palm oil markets immediately leap to mind. But the people in the newsroom of FNN were interested in all of it, which intrigued me greatly. What was it about this seemingly meaningless stuff that had an entire room full of people so fully engaged? Why were they looking at charts and graphs? What, on earth, were they talking about day in and day out? I began to get curious.