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Strategies & Market Trends : Tech Stock Options

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To: ViperChick Secret Agent 006.9 who wrote (53502)9/22/1998 11:42:00 AM
From: Magnatizer  Read Replies (1) of 58727
 
lisa

there you are!

you still tracking the magnets?

Message 5800917

they worked well yesterday. A read of the magnet trendlines: Dow 7952 to 7883 and 7950 to 7968 tells me the Dow is entering a symetrical triangle with these trendlines being the top and bottom respectively. The first number is yesterdays value and the second number it the value of the trendlines on Friday. The apex of this triangle is in the Oct 15-16 area.

For those unfamiliar with magnets, they are simple support and resistance areas.

ht
david
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