AI
Wednesday, May 14, 2003 11:01:12 AM
Watching for the Support to hold
Moving back above the Intraday SMAs and continuing to hold support should be a confirmation of support. TNX has a LOD type crossover so picking up any Calls here could use the current Low as a stop loss or if the 100/320SMA becomes resistance. Waiting for confirmation Above the SMAs would be Safest IMO. The higher support at 8600 could easily get some Bulls back. Let's see what happens! :^)
Moving back above the Intraday SMAs and continuing to hold support should be a confirmation of support. TNX has a LOD type crossover so picking up any Calls here could use the current Low as a stop loss or if the 100/320SMA becomes resistance. Waiting for confirmation Above the SMAs would be Safest IMO. The higher support at 8600 could easily get some Bulls back. Let's see what happens! :^)
Good Luck to All! :^)
PLAN the TRADE and TRADE the PLAN!
Discover What Traders Are Watching
Explore small cap ideas before they hit the headlines.
