I've gotta share this chart. I can't take credit for it, but perhaps Lawrence or Pekelo who work with Bollinger's would comment.
Quote from Eko_Trader:
When I said lower low, I was talking about a new yearly low. Besides taking intraday trades, I also take swing trades as well. I base those swing trades on the overall market trend. I don't have a chart that tells me we have anything besides a downtrend, and neither do I have any data pointing otherwise....So I'll wait till the trend changes on the chart that I posted earlier b4 taking swing longs.
On an intraday basis, I am scared of DEMTDAYBOYZ, but I'll let the chart tell me what to do.