Long Swings and Bollinger Bands

I have just returned from a few days away to discover once again that my usual style of investing / trading is not going to be possible. The market continue to be in a confirmed bearish decline and that is not good news for people like me - long swing traders.

My system is based on finding over sold quality companies that are showing signs of a bounce up. Needless to say in the present situation there are LOTS of companies that are oversold!

The only filter that shows promise right now is my bollinger band filter that identifies stocks that are being 'squeezed'. One stock that has shown up a couple of times is CAM. If this stock is NOT on my filter tomorrow then it is a confirmed BUY.

The filter looks for stocks from my master list which are experiencing a bollinger squeeze. In other words the bollinger bands are the closest they have been for some time. Once a stock opens green from this filter then it generally returns some nice results. I will blog more tomorrow to see the results.

Feel free to contact me if you want more explanation on this filter. I haven't got the time just now but will make time in the future to blog on it more comprehensively.

Thanks for reading!!

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