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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?


To: HairBall who wrote (428)12/4/1998 4:34:00 PM
From: Magnatizer  Read Replies (1) | Respond to of 99985
 
LG

probably the easiest way to use the magnets is to actually plot them on a chart. I know the sloping trendlines can be tough since they are only given for the week, but the horizontal (the magnets without a friday value) can be put on a chart and they are permanant. They act similar to any other support and resistance area.

BTW, i see the market as being in the process of putting a handle on the cup it recently formed.

ht
david