Peaks indicated times of intense speculation and troughs indicated times of low interest in the market, when speculation was not high on people's agenda.
More Quotes from John Bollinger:
The stock market has been going sideways for a very long time now, and it looks to me like it will continue to do so.John Bollinger
With today's dips and testing of the July lows we might find a sustainable low here, but only if the information picture for investors changes, ... I don't see that happening anytime soon.
John Bollinger
It's important to pay attention to the broader market, but, frankly, it hasn't gone anyplace for the past six months and, if you take the longer view, it hasn't gone anyplace for the past six years. But within those years, there were tremendous opportunities within stocks, bonds, electronically traded funds, mutual funds of all sorts, currencies, precious metals and commodities, all of which investors could have taken advantage of.
John Bollinger
I would have thought that with the negative tenor of the news -- economic and geopolitical -- more damage would be done, ... That suggests to me the market is in a constructive mode.
John Bollinger
Today's swings reflected uncertainty at the end of a week in which investors were pelted by wildly conflicting news on both earnings and the economy, ... Every good report this week has met with a bad report. Yes, the market is trying to establish a bottom but it's not a done deal yet.
John Bollinger
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