Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: FJV who wrote (14501)	8/12/1998 6:20:00 PM
From: Magnatizer	Read Replies (1) \| Respond to of 42787

Franco the 8577.2 level is what I call a neutral zone. It is the half way point between the magnets located at 7756.4 and 9397.9. If the Dow fails to get back to this level the next step down is 8372 which is found by dividing the area between the two magnets 7756.4 and 9397.9 into eighths. I normally only divide the area between magnets into quarters at the most but, in this case the magnets are much too far from one another so I have to use eighths. The reason it needs to at least touch 8577.2 tomorrow is that in my magnet studies I have found that if a magnet fails to be touched for two days it is likely the next magnet down has a hold of the stock/index. The 8552 was a area derived from a magnet uptrend line. These are different than the actual magnets in that they have a slope. Normal magnets are simply horizontal resistance. ht david