Hitchin’ A Ride
The greatest statistical probability for success using Kevin Haggerty’s
volatility bands occurs at the 2.0 standard deviation band, but moves can and
often do occur from the other bands. Here is one such instance that took place
this morning:
11:38:15
Index Alert
The Nasdaq 100 Index ($NDX.X)
is moving out of a Haggerty 1-2-3 bottom on the five-minute chart. $NDX.X is
currently down 27.91 at 1591.74.
The pattern takes shape very close to the 1.28 band at 1575,
then launches a rocket. This allows traders to take advantage of the futures,
E-mini, or
(
QQQ |
Quote |
Chart |
News |
PowerRating)s to profit from the move.
Many times these patterns will enable you to get in to a major
move before it gets pushed up. With a tight initial stop you protect yourself
against major risk, and you can ride home runs like this higher.
Until tomorrow,