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Strategies & Market Trends : The 56 Point TA; Charts With an Attitude

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To: Craig DeHaan who wrote (27431)3/17/1999 9:01:00 AM
From: Magnatizer  Read Replies (1) of 79182
 
QMDC mags

7.4375 neutral zone, 11.0625 quarter zone, 13.55 dtrend, 14.88 weak

Looks like the optimal entry (bounce off neutral zone) was missed. Tough call here using mags. Could insert another divider into the fray which would put a 9.25 eighth zone in. High volume blow off bottom possibly set Friday on the bounce off neutral zone.

Taking it all into consideration (mags, volume, indicators) QMDC looks fairly low risk here and target of 11 not out of the question.

ht
david
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