Re: Bollinger Band Squeeze Experiment $BIDU

It’s only been a few days into the experiment and this trade (short position) is already looking like it will end up a loss with BIDU finding support at it’s 50d ma and a rising accumulation line.  However, BIDU still has a narrowing Bollinger bandwidth which may mean this stock still hasn’t “settled down” and created a squeeze entry point yet.

I’m adding a new rule to My Rules of Investing.  Do not start a bearish position during a bullish market.  You’ll never win if you go against the large institutions that are moving the market.