AI
Tuesday, March 11, 2003 9:22:38 AM
Morning Bernard,
If it was the TRINQ then I would have definitely anticipated a bounce. I think that it was the TRINQ we were following before when looking at the closing TRINQ to be above 5 for a bounce the next day. I am not sure if that will hold true for the TRIN or not. FTSE hit resistance at it's 320SMA and has turned back down. It might just find some support at it's previous resistance of 3430 though, maybe. Definitely looking like a potential bounce day but not sure if we have already seen the bounce in premarket or not :^)
If it was the TRINQ then I would have definitely anticipated a bounce. I think that it was the TRINQ we were following before when looking at the closing TRINQ to be above 5 for a bounce the next day. I am not sure if that will hold true for the TRIN or not. FTSE hit resistance at it's 320SMA and has turned back down. It might just find some support at it's previous resistance of 3430 though, maybe. Definitely looking like a potential bounce day but not sure if we have already seen the bounce in premarket or not :^)
Good Luck to All! :^)
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