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


To: Woody who wrote (21843)10/4/1998 10:59:00 PM
From: Magnatizer  Read Replies (1) | Respond to of 79281
 
Woody

be careful with SEEK. Has some business left in the mid 15 to low 16 area which it is likely to deal with again before it can really run without ankle weights

magnets: 14.35 uptrend, 15.50 normal, 16.25 normal, 19.25 uptrend, 20.125 normal, 24.828 eighth zone, 25.25 downtrend.

the normal and eighth zones are horizontal S&R.

SEEK is currently in no mans land and would be a tough call for entry. Three possibilities. One, exercise patience and wait for dip to mid 15s or better (lower). Two, rebound off low 20s upper 19 area or Three break of low 25s downtrend.

ht
david



To: Woody who wrote (21843)10/4/1998 11:12:00 PM
From: Magnatizer  Respond to of 79281
 
Woody

Message 5911116

ht
david