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


To: bazan who wrote (18287)6/9/1998 2:03:00 PM
From: Magnatizer  Read Replies (1) | Respond to of 79273
 
bazan

sorry it took so long to get back, I had some trouble getting onto SI

anyway ABIIB has magnets at 9.8334, 11.833 strong, 12.00, 13.75 strong, 15.75, 16.50, 17.75

I expect the 13.75 magnet to hold ABIIB in the general area for a while. I have decent long term strength and short term indicators have many IHS formations. The negative is the weekly sell. I need the weekly indicator to switch to buy before I would consider it a good long. You may get some action if it can pull away from 13.75 on good volume but it is not likely

ht
david