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: Woody who wrote (22545)	11/4/1998 1:22:00 PM
From: Magnatizer	Read Replies (2) of 79303

Woody Magnets on VSVR are: 7.625 downtrend, 12.375 quarter zone, 13.93 downtrend, 16.50 weak magnet, 17.45 uptrend... put a trendline connecting 12/10/96 to 7/17/98 highs. You will see a screaming buy signal on that gap up. todays gap over trendline was not as spectacular but I felt it would lead to a run at 16.50 in the near term. You are right that VSVR should fill that gap but, until the short term technicals weaken it is likely to continue up. If it fails to hold over trendline today I will get out of my trading position and watch it tomorrow to see if it is going to be a good short ht david

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