that's john bolinger.t news introduced me to bolinger put it bolinger is one of the best and innovated and intellectually honest technicians and a true pioneer of internet analysis. i never made a move without looking at the bolinger band. it's nice and simple. when you see this pattern, you buy. what's so fabulous about this chart? you can see a lot of these in the current market. it's called a completed basing pattern. if you want to know the technical jargon. take a look at cisco, and nts energy. what's his pattern. see the big decline, look at the base, the stock is trading sideway, it breaks out above that range, here's the breakout, pulls back and to the line and once again begins to move higher. you have your entry point. he likes going on the final up turn because it represents the greatest risk reward from the charter's point of view. i love risk reward f. the stock falls and makes a new low immediately below the prior low, you have to sell. you don't want to take a lot of pain i get that. if the

and his lovely wife, nancy, a big round of applause. [ applause ] >> the lieutenant governor, john bolinge rechlt is here. give john a big round of applause. [ applause ] >> the mayor of belgrade, russ nelson, is here. the mayor, carl jacobson is here and somebody who i believe is destined to be one of the greatest secretaries of the interior in our history, former senator from colorado, ken salazar is here. please give ken a big round of applause. it is nice to be back. it's nice to take a break from the goings on in washington. i am thrilled to have a chance to spend some time with the folks in this beautiful state. after all, here in montana, you have got bears and moose and elk. in washington, you just have mostly bulls. so this is a nice change of peace being in montana. i especially want to thank katy for her introduction. [ applau [ applau [ applause ] >> where did katy go? her willingness to talk about such a painful experience is important. we have to understand what's at stake in this health care debate. katy's story is the kind of story that i've read in letters all throughout t

the technicals, statisticals, et cetera, you look at the s & p, right now, approaching that upper bolinger band. that means two-stare deviations of movement. something that doesn't happen often two or three times this  year, the chance was to happening less than 5%. i'm worries we are overbought here and i think we see a correction, at least in the next day or two. >> jack, you buying this? >> on the commodity front, just don't underestimate china. everybody last week was all over the, you know, china is a blip story, this is not true at any fundamental level. you got to really demand-driven commodity story. >> a blip in terms of how much they have accumulated, that a blip? >> you know, only so much iron ore you can store, so much of the base metals you can store, we know they don't have massive storage facilities pore pelt tropical storm yum, i don't think china is the story. on the overbought, oversold, tough look at this in the context of the past 12 months a all right of standard deviations in the fall 2008 into march of this year so, while i agree their seeing a movement on the upsid