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


To: Chris who wrote (10693)6/24/1998 9:35:00 AM
From: Magnatizer  Read Replies (4) | Respond to of 42787
 
Chris

SPF magnet analysis

Magnet locations 14.75, 22.25, 34.125, 34.75 weak

I break the areas between magnets into quadrants. If the area is large (like 14.74-22.25) I break it into 4 seperate ones of equidistance from one another. This gives me resistance/support between 14.75 and 22.25 at 16.625, 18.50, 20.375.

Each of these levels needs to be tested or, when the stock reaches its upper magnet (22.25) it will slide back and test them. SPF appears to be conforming to the system very well. I would expect it to base around 20.375 for a few days then start its march on 22.25. If it dips and touches 18.50 without bouncing off then 18.50 will provide magnet pull for a few days. It appears that 18.50 has been fully tested and should not be a factor. I would be accumulating in the 19s if I were playing it. which, I think I might.

Another magnet signal which SPF has given over the past 3 months is what I call the "double pumper". But that is one which I will keep to myself, bread and butter you know.

ht
david