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: ivan solotaroff who wrote (23581)	11/28/1998 1:03:00 PM
From: Doug R	Read Replies (1) of 79230

Ivan, Magnet lines (not to be confused with magnet trend lines) are always horizontal. They are the only horizontal lines I find useful. Horizontal lines taken straight off a price chart for use as support/resistance don't have the dynamic usefulness of price trend lines. Magnet lines however, have a dynamic component to them since they are derived from movement in technical indicators. I'm not quite sure I understand what your asking from David but I thought I'd put my 2 cents in. Try a line from the low on 10/8 across the low on 10/29. If it works below that line there's immediate downside risk to 12 on it. Hmmmm...CDCO popped. Doug R

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