The bollinger narrowing is just a reduction in price volatility.

They are still too wide and the price still too much in the center to be indicative.

I do believe that this is a good sign of support for longs who will hold no matter what - provided there is an abcense of news.

Otherwise I don't believe the bolinger bands ( bands that envelope a border of  2 standard deviations from the mean of the  20 day avg price ) are being overly inidcative of a considerable move.

I beg you to ecplain yourself