Solar Rocks! - SOLF & SPWR

[Fly]

I've made may money on SPWR but it still went higher than I thought it would. (Check out the one year chart on that one)
I Like SOLF right now. I think a 20% increase short term is very doable.
Your Thoughts?

[chuck]

Fly, the following is a chart that you can see, what is happening. I?ll try to explain the best I can .
At the present time, the stock is up against your 10 day expotential high moving average. In order for the stock to be a buy It has to move above this 10 day moving average. At least two days in a row. After that you?ll see a small red line going across the page. At one time, this was your support line, but now this is your first resistance line. The other resistance line is above this red line, and it is. I think blue. I can not find any support lines. Now this is a daily chart. And you can see that you are inside the Bollinger band close to the bottom, but moving up. The Bollinger band at this point in time does not give any directions, as far as buy and sale is concerned. Before I forget it. You also have a 20 day moving every witch is the large green line are greenish blue. If you also penetrate this line. This also will be a good signal.

[MontrealStocks]

Chuck I find that the bollinder bands are relatively hard to use properly as a begginer. The only clear signal I can depict is when the band gets narrow, like in april in your example , it always foreshadows a strong move up or down. That said, I use MACD and TRIX crossover combined with oversold/overbought levels as entry and exit points. What's your opinion on that?

[chuck]

Montr?alStock,
In this particular example the Bollinger band does not play any significant role ,but the eight-day expotential moving average, low and the
10 day expotential moving average high does .

Personally I do not like the MACD. The indicator is a lagging indicator, and for that reason I don't use it.

The Bollinger Band has so many different signals or patterns. Just as the candlestick charting has. What I do with the Bollinger Band is wait for a squeeze play, where the upper and lower bands squeeze together. Then I watch for the breakout up or down. When this happens, I start using the money flow Index. I use this index in a way that if the bands are moving up and the money flow Index is above 50 and rising this is what I call walking the bands. To confirm the money flow Index you would use the r- Square indicator. Anything above .27 and rising gives the money flow Index a 95% chance that it will keep rising. As the stock is rising, I start looking for reversal signals in a couple more software than I have. One could use overbought/ oversold indicators. But they can be deceiving.

I also have software that are very good trend indicators ,a lot better than the SAR indicator to me. It gives too many inaccurate signals. .

That's how I trade using the Bollinger bands.

[Fly]

Chuck,
Thanks for the analysis. I always enjoy your perspective.
Hear is what I'm looking at.....
SOLF has had 4 days closing above the 8, a clear signal that it is coming off the low in the channel and the lower B-band is turning up.
I see see a higher low on 8-6-07 from 6-12-07
It poked through the 20 EMA yesterday. There is a cluster of 50, 200, and 100 EMA's over the next .80 to get through then on to challenge the channel high at 13.99
I'm in at 10.22, I'll bail if it drops below the 8 with a small profit. So for now...let it ride...although down a tad today as I write this...grrrr.

Fly