Excerpt From Summary of John Bollinger's Bollinger on Bollinger Bands
#1
Nothing exists in a vacuum. Things are only as good as their comparison to something else. There are no absolutes.
#2
In order to make money in the market, you must buy low and sell high, or vice versa. However, this is an absolute approach that is hard to follow, so the more appropriate approach is to follow a relative value system within which prices can be evaluated objectively.
