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


To: freelyhovering who wrote (10576)6/20/1998 12:27:00 PM
From: Magnatizer  Read Replies (1) | Respond to of 42787
 
Myron

BNYN read

Long term losing strength, rate it weak/neutral. Short term also weak/neutral but there are many IHS formations which may give BNYN a nice pop but it will not be a sustained run IMO. Weekly sell signal in tact.

Magnets 3.3126, 4.7812 weak, 5.75, 8.25, 11.75

Neutral zones 4.0469, 5.2656, 7, 10

Looks like the 7 neutral zone is losing the battle to hold BNYN up. If feel a drop to 5.75 area is likely. It may very well bounce off of the 5.75 magnet but I would not put a lot of faith in that happening.

Hope I am wrong for your sake.

ht
david

disclaimer: please consult a financial planner before making any investment decision. the above is not intended as investment advise. dadadaaddada and never, ever believe everything you read on the internet.