Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: bdog who wrote (18270)	6/8/1998 11:16:00 PM
From: Magnatizer	Read Replies (3) \| Respond to of 79270

ONTC players I have done some more work with the magnets and have found some new toys. The areas directly in the middle of the magnets is a neutral zone with equal pull from both directions. stocks tend to base in this area after either breaking through a magnet below or falling through a magnet above. The magnets for ONTC are at 2 7/8 and 3 7/8 (there are others but not in the general area) which gives the neutral area at 3 3/8ths. If the stock has a day where the OHLC are all less than 3 3/8ths the stock is going to 2 7/8ths and if it has a day where the OHLC are all greater than 3 3/8ths the next step up is 3 7/8ths. IMO of course. this is in effect for all magnets. If a magnet does not have another below it then the value of 0 is the other magnet and just divide the magnet by two to get the neutral zone. ht david