wiseowl
well here you go. Would have prefered a stock that was in its middle to upper range of historical prices because one of the criteria for a magnet is a double of the low for the day of the signal. Therefore if a stock is near the bottom of its historical price range it has no magnets in the area. I also use the signal days low as a magnet (refer to as signal magnets below), they work pretty well but it will not give you as good of a read on how they work. So, that said, feel free to send me another stock with more than 2-3 years of background and near the middle to upper range of its historical range.
CHKPF magnets 41, 41.25, 51.50, 55.50, 56.25, 70.25, 79.75. therefore the signal magnets are at 20.50, 20.625, 25.75, 27.75, 28.125, 35.125, 39.875
divide the following areas into 1/4s: 28.125 and 35.125, 41.25 and 51.5, 56.25 and 70.25 to give you other related magnet areas of attraction. For example 28.125, 29.875, 31.625, 33.375, 35.125
put neutral zones on the others (half way between two magnets) unless they are very close to one another.
magnets will hold a stock in an area. In order for the stock to confirm a break away from a magnet (either up or down) it needs to have a day where the OHLC do not touch the magnet at all.
ht
david
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