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Strategies & Market Trends : Stock Attack -- A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?


To: Chris who wrote (8364)5/10/1998 2:53:00 PM
From: Magnatizer  Read Replies (2) | Respond to of 42787
 
Chris

I have magnets on DELL at 87.31 (strong), 93.75 (medium strong) and 149.50 (medium strong). I think it will retouch the 87.31 area at least one more time before making a charge at the 149.50. I see it bouncing from 93.75 to 87.31 area. The last magnet for DELL was at 62.375 and it took a while to break that area.

I must say that most of my magnet work has dealt with small caps. But it does seem to have much use on large caps and indices.

On the S&P 500 I have magnets at 909, 932.22, 1127.7, 1168.5, 1225.58, 1267.48, 1290.14, 1539.44, 1887.8. I see the S&P going sideways in the 1100-1300 range for some time once the current weakness is worked out. It may even work itself out going sideways.

ht
david