Bollinger on Bollinger Bands, 1st Edition

Asking the market what is happening is always a better approach than telling it what to do, argues John Bollinger, creator of the famous Bollinger Bands. While trading warrants and options in the late 1970s and into the 1980s when index option trading started, Bollinger focused on volatility as the key variable. From volatility he created his own approach to trading bands: and thus Bollinger Bands were born. In "Bollinger on Bollinger Bands", the creator of this widely-used technique explains how this superior technical analysis tool came to be and how it is used. It is the book only Bollinger himself could write. Bollinger Bands are plotted two standard deviations above and below a 20-day simple moving average. In this concise, straightforward volume, Bollinger shows investors that the data used to calculate the standard deviation are the same data as those used for a simple moving average. Investors will learn how to use moving standard deviations to plot bands around a moving average. While Bollinger's primary focus is on the intermediate term, he explains why and how short- and long-term applications work just as well.Focusing on the intermediate trend gives investors recourse to the short- and long-term arenas for reference, a valuable concept. Bollinger explains why, for the stock market and individual stocks, a 20-day period is optimal for calculating Bollinger Bands. Bollinger Bands can be applied to virtually any market or security, answering the question of whether prices are high or low on a relative basis. By understanding how to incorporate this technique into an investment strategy, readers - whether long-term investors or day traders - will learn how to compare price and indicator action to arrive at rational decisions. While Bollinger would be the first to say that there is no holy grail in investing, "Bollinger on Bollinger Bands" should provide investors not only with a unique insight to one of today's most useful trading tools, but with a commonsense approach to successful investing.

\John Bollinger is president and founder of Bollinger Capital Management, an investment management company that provides technically driven money management services to individuals, corporations, trusts, and retirement plans. Bollinger publishes Capital Growth Letter and provides weekly commentary and analysis on CNBC, and was for years the chief market analyst on Financial News Network. He is both a frequent contributor as well as a featured expert for publications including The Wall Street Journal, Investor's Business Daily, Barron's, Technical Analysis of Stocks and Commodities, The New York Times, Los Angeles Times, and USA Today.

"All in all, Bollinger on Bollinger Bands is a gem. ...within 10 minutes of opening it, it went on my list of the five best technical analysis books ever." - Active Trader The First Comprehensive Traders'' Guide to Using Bollinger Bands

This item is eligible for free returns within 30 days of delivery. See our returns policy for further details.