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Strategies & Market Trends : Ask DrBob

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To: Drbob512 who wrote (5204)9/19/2000 7:12:15 AM
From: Clappy  Read Replies (2) of 100058
 
Hi Dr. Bob,

I have two questions for you or your fellow TA buffs.

1) GSTRF was enjoying a cup and handle breakout for the past few days.
On Friday, some of it's breakout appears to have been held down until the options expiration was completed.
Then Monday morning, the rest of the shares must have been purchased along with a possible short squeeze.
Unfortunately, the poor market conditions erased much of yesterday's gains.
I was wondering what your thoughts are about GSTRF's chart.
After being beaten up for some time now, it appears that they are finally beginning to gather some upward momentum.
Perhaps this is in correlation with QCOM's turn around.
Do you see any levels of heavy resistance, or is it possible to sail smoothly up to it's 200 DMA?

2) I am aware of what TRIN is. After reading last night's TA, I'm now aware that I've been reading the wrong TRIN chart.
When I input the symbol $TRIN using Sharp Charts, I get the Arms Index for the NYSE (I think). This looks like it closed at .93
Is there a symbol to view the Nasdaq TRIN?
Perhaps I need to use a different Chart website?

Thanks for you help and your effort in making this thread one of my favorites.

-ClapOff
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