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Strategies & Market Trends : The 56 Point TA; Charts With an Attitude -- Ignore unavailable to you. Want to Upgrade?

To: Sergio H who wrote (35044)4/9/2000 2:22:00 PM
From: Doug R  Read Replies (1) | Respond to of 79260
 
Sergio,

Even though I'm not at liberty to divulge the keys to David J's Magnets I can tell you that they have nothing to do with gaps. They are strictly indicator derived and application of a magnet signal to the price chart is based on a consistent rule. It's really quite amazing.

Doug R



To: Sergio H who wrote (35044)4/9/2000 4:42:00 PM
From: Magnatizer  Read Replies (1) | Respond to of 79260
 
Sergio

Thank you for the compliment and spreading the word.

The times I consider gaps important are when the gap crosses a key magnet trendline or strong horizontal magnet. This is especially true when it is the first time the stock/index has reached the magnet. As far as construction of magnets, gaps are not part of the signal properties. Magnets are born from a combination of indicators, not price action.

ht
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