The 56 Point TA; Charts With an Attitude Message Board

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Strategies & Market Trends : The 56 Point TA; Charts With an Attitude

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To: Dave H who wrote (30606)	6/30/1999 9:31:00 AM
From: Magnatizer	Read Replies (1) of 79504

Dave Mangets are a homebrew TA. I have tried to explain how to create them in the past on this thread and it seemed to cause more confusion than anything else. Since improperly applied TA is about as dangerous as anything in the market I decided to not continue the explanations. As far as what they are: they are horizontal tlines. Relevance varies from one to the next depending on the time frame and indicator set up upon a magnets birth. Mag tlines are normally sloping (sometimes flat) and they also vary in degrees of relevance. I try to point out which ones I feel carry the most weight when I make a post regarding the mags. Recent examples of magnets: geocities.com geocities.com geocities.com geocities.com geocities.com ht david

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