Boris and Kathy's FX Blog www.bktraderfx.com
10/03/2006
We love this comment from our Technical Analyst at DailyFX.com so much we had to post it on our blog:
"Bollinger Bands is the tightest ever for the EUR/USD since its inception and if we look back 10 years with synthetic prices, there are only two instances when volatility was this low – December 1996 and August 1998. Both instances led to breakouts within 2 weeks and moves of over 1,000 pips in less than 2 months."
This is a unique development that we choose not to ignore.
"Bollinger Bands is the tightest ever for the EUR/USD since its inception and if we look back 10 years with synthetic prices, there are only two instances when volatility was this low – December 1996 and August 1998. Both instances led to breakouts within 2 weeks and moves of over 1,000 pips in less than 2 months."
This is a unique development that we choose not to ignore.
posted by BKTrader # 10/03/2006 06:13:00 PM 
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