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

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To: Bob Jagow who wrote (29045)5/4/1999 12:07:00 AM
From: Magnatizer  Read Replies (1) of 79230
 
Bob

getting lots of warning shots from RSLC

mags: 19.50 neutral zone, 29.25 quarter zone, 29.43 utrend (key), 32.60 utrend (most recent and key), 39 weak, 41 weak...

anchors on 29.43 utrend are 6.10.98 to 9.29.98
anchors on 32.60 utrend are 10.23.98 to 2.26.99

depending on time frame I would use either of these tlines as stops. The 32.60 would be a medium term outlook to me which was decisively broken today. 29.43 would be a longer term outlook which will likely be tested tomorrow.

ht
david
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