The second annual Technical Analysis Magazine Awards will take place tonight at The Park Lane Hotel, London. Trevor Neil is again a judge.

Major volatility shift in the S&P. Historically moves in the VIS so far outside their Bollinger Bands have not indicated the end of a move but the beginning of a move. See http://tinyurl.com/yzwc2tx

When trading currencies, keeping abreast of forex-related news is very important, which is why if you go to any forex site you expect to see a real-time news update. But have you ever seen a site where the forex-related news is merged with the price chart? To see this wonderful feature, all you have to do is visit www.BBForex.com.

Further to yesterday’s post: the following useful links have been sent to me by Alex Spioglou relating to Definition of a Trading Range http://www.tradingeducators.com/trading-newsletter/chartscan/edition292/http://www.tradingeducators.com/trading-newsletter/chartscan/edition293/http://www.tradingeducators.com/trading-newsletter/chartscan/edition294/

Here is a very interesting description of how to define consistently the long and intermediate term turning points by Larry William from his book Long Term Secrets to Short Term Trading (reprinted with his permission. Buy the book) http://media.wiley.com/product_data/excerpt/24/04712972/0471297224.pdf

I have trying to find some objective definitions of a price consolidation or trading range. Mark Boucher suggests one….a stock high low range over a period of 10 days or longer is less than 1.62 times its 20 day ATR.  Seems to make sense.  Any other thoughts out there or references to books that might speak about this?