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


To: freelyhovering who wrote (22042)10/13/1998 12:05:00 AM
From: Magnatizer  Respond to of 79459
 
Myron

SPYG magnets: 10.875, 11.50 uptrend, 12.95 downtrend (not magnetic), 14.40 uptrend

Looks like entry below 11.50 is the best option for entering a long. If I were already in I would watch the overhead at 11.50 tomorrow. If it is taken out a run at upper 12s is likely.

Indicators: Long term mixed neutral. Short term coming off bottom nicely. volume suspicious.

I would say a lack of volume tomorrow would scare me out as I don't see any real support til the mid 8s. And in this market, well, you know...

ht
david