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

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To: Chris who wrote (11359)7/8/1998 11:00:00 AM
From: Magnatizer  Read Replies (2) of 42787
 
Chris

MSFT magnets: 60.312, 95.875, 104.22 quarter zone, 112.56 neutral zone, 120.91 quarter zone, 129.25, 133.19 weak, 136.25

Magnet read gives the 95.875 magnet needs testing. MSFT could easily run to 112.56 but it is carrying some luggage. You can see how the 60.312 magnet seemed to hold MSFT flat back til it finally came back to finish its business there. I have not split the 60.312 and 95.875 into quarters yet but I bet there is some significance to the upper quarter in relation to the basing in May and June.

OK, could not resist. break down between 60.312 and 95.875 gives the values of 69.20275, 78.0935, 86.984. Looks like the 86.984 was significant but I would have been calling for MSFT to dip to 78.093 when it lost contact with 86.984 several times. Would split the area into 1/8ths but with that many supports and resistance I would be paralized.

OH yea, HD just got an upgrade in valuation to 55. Don't recall who upgraded.

ht
david
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