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


To: Ceez who wrote (18774)6/24/1998 11:24:00 AM
From: Magnatizer  Read Replies (1) | Respond to of 79315
 
Ceez Wiz

ADSP magnet read

9.25, 10.75 strong, 12 strong, 13.25, 14.50....

ADSP is still well below a long term downtrend. Does look like a good entry area for a long position. Very near long term uptrend support. I think it may take a bit more basing in the area it is in before a run at the 9.25 magnet starts. Lots of volatility in this one though so the base may be shorter than I foresee. Looking at 3-6 weeks of basing then a battle up to 9.25. No time frame for the 9.25 target yet.

ht
david