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Strategies & Market Trends : Stock Attack -- A Complete Analysis

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To: Chris who wrote (9732)	6/7/1998 12:48:00 PM
From: Magnatizer	Read Replies (2) of 42787

Chris Doing some interesting work with the magnets. I wanted to find a better way to use them with large caps and market indices. Well here is what I came up with. If two magnets have pull then the area directly in the middle of the two magnets would be considered neutral. Therefore I use this as another resistance/support area as it has equal pull from both directions. So far it has me very excited. For example, on the Nasdaq comp (.IXCI) the middle of the magnets value is 1782.6. With the magnets being at 1528.3 and 2036.9. In order to start the march at the 2036.9 magnet the nasdaq will have to have a week where the OHLC are all greater than 1782.6. If any day has a touch of this area I feel the market will continue sideways. If the OHLC for the week are all below this area then a drop to the 1528.3 area is in order. IMO of course ht david

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