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Strategies & Market Trends : Trader J's Inner Circle -- Ignore unavailable to you. Want to Upgrade?

To: Nicole Bourgault who wrote (45658)8/9/2001 2:34:44 PM
From: LTK007  Read Replies (1) | Respond to of 56535
 
i don't know the rule--three touches i would see as no reassurance we have a bottom,in my view.Max



To: Nicole Bourgault who wrote (45658)8/9/2001 7:36:42 PM
From: ajtj99  Read Replies (1) | Respond to of 56535
 
Nicole, it doesn't have to be the same day for 3-tests of a level to prove that level's support or resistance.

However, I'm not sure we need to touch the exact support number or get close. My initial feeling is that we only touched 1941 once today, so we have 2-touches at that level (the 1942 bounce last time and 1941 today). I could be wrong, so I'm going to do some more checking on this tonight.


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