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


To: Doug R who wrote (21479)9/19/1998 8:33:00 PM
From: Magnatizer  Read Replies (1) | Respond to of 79296
 
Doug

IM: I hate it. Check out the rabbit here. looks like it is gonna break the H&S formation with overhead resistance at 50.50. Also setting up to give a new magnet signal this week. Will wait for the signal and slight pullback to enter as if it does not signal it could go down hard.

Tea leaves give it a near strong long term rating. Near strong short term rating. Weekly buy signal has been on for a while. My tea leaves say near strong is good cuz once a stock reaches strong it is likely to overheat and come back to neutral in this market environment. In a good strong market strong is the best play.

ht
david