AI
Monday, March 03, 2003 11:54:07 AM
TNX continues to downtrend
It looks as though it was indeed a good signal to use the continued downtrend to fade the gap. So far both the near touch of 8000 and fading the gap would have set up a good Put signal in the AM. ISM came in above 50, bullish territory, but below the consensus. Watching TNX now to see if it will indeed put in a LOD on the second crossunder. Have you seen any relationship as far as the movement of TNX away from it's 320SMA for a Bounce, similar to INDU 150-200 points? Looks as though 75 cents might be the Bounce point to me, maybe.
For a 50 cent bounce? :^)
It looks as though it was indeed a good signal to use the continued downtrend to fade the gap. So far both the near touch of 8000 and fading the gap would have set up a good Put signal in the AM. ISM came in above 50, bullish territory, but below the consensus. Watching TNX now to see if it will indeed put in a LOD on the second crossunder. Have you seen any relationship as far as the movement of TNX away from it's 320SMA for a Bounce, similar to INDU 150-200 points? Looks as though 75 cents might be the Bounce point to me, maybe.
For a 50 cent bounce? :^)
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.
