AI
Tuesday, March 04, 2003 8:30:44 AM
Hi Bernard,
I was primarily looking at the TNX and it's 100SMA. Whenever it gets 75 cents away from it then it seems to retrace close to 50 cents back towards the 100SMA. Similar to the INDU retracing back to it's 320SMA whenever it is 200 points away. not sure if that is a phenomenon that will continue but it could help identify potential bounce points in the future, maybe. TNX almost $1 away from it's 100SMA this AM. Let's see if that triggers a bounce that the Markets might follow :^)
I was primarily looking at the TNX and it's 100SMA. Whenever it gets 75 cents away from it then it seems to retrace close to 50 cents back towards the 100SMA. Similar to the INDU retracing back to it's 320SMA whenever it is 200 points away. not sure if that is a phenomenon that will continue but it could help identify potential bounce points in the future, maybe. TNX almost $1 away from it's 100SMA this AM. Let's see if that triggers a bounce that the Markets might follow :^)
Good Luck to All! :^)
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