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

To: ivan solotaroff who wrote (23581)	11/28/1998 1:03:00 PM
From: Doug R	Read Replies (1) \| Respond to of 79230

Ivan, Magnet lines (not to be confused with magnet trend lines) are always horizontal. They are the only horizontal lines I find useful. Horizontal lines taken straight off a price chart for use as support/resistance don't have the dynamic usefulness of price trend lines. Magnet lines however, have a dynamic component to them since they are derived from movement in technical indicators. I'm not quite sure I understand what your asking from David but I thought I'd put my 2 cents in. Try a line from the low on 10/8 across the low on 10/29. If it works below that line there's immediate downside risk to 12 on it. Hmmmm...CDCO popped. Doug R

To: ivan solotaroff who wrote (23581)	11/29/1998 1:27:00 AM
From: Magnatizer	Respond to of 79230

Ivan magnet trendline crossovers do indeed have a affect on stocks and indexes. Not sure about the trendline crossing a horizontal magnet. In most cases there would be too many of them to consider the results of a crossover and some type of stock price action as being relevant. KMET, will put on list for tomorrow. Trying to get to all the little internets I can so it may not get to the front of the line. horizontal magnets on their own are quite powerful. One need go no farther than the market magnets I post. 9398 horizontal on the dow (look at the highs in July), 1766 has been an area of much activity on the nasdaq and I anticipate 2055 to be quite useful. And, where would the SP500 be without the 1116 neutral zone... ht david