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


To: Ken Reidy who wrote (19056)7/5/1998 2:31:00 PM
From: Magnatizer  Read Replies (2) | Respond to of 79282
 
LAXatives

just found one that has all the elements that I like to see in a chart which has bounced from magnet to magnet and retested some below and is double pumping.... basically very informative chart. AZO (Auto Zone) take a look and see if you can get these magnet values... 19.75 weak, 23.50 weak, 28.50, 31.875 weak, 32.75 weak, 36.375, 36.50, 41.625 and many in the upper 40s and up

also need to correct something that I had mentioned at the seminar. The right hand cross is not necessary for the stochs. No big deal but I did say the right hand cross was necessary.

ht
david

EDIT: The chart is also a C&H. Notice how the 19.75 magnet nailed the bottom of the cup. Not sure why it did that but I have seen it too often where a magnet is right at the bottom of the cup on other charts. Anyone care to dig into this one?