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


To: bdog who wrote (24120)12/9/1998 1:34:00 AM
From: Magnatizer  Respond to of 79230
 
GEN magnets: 10.375 strong uptrend, 16.25 strong, 16.50 strong, 20.1875 neutral, 23.875 weak, 28 weak, 28.75 weak

The strong uptrend was used as support during the double bottom formation in August and October. Now that same uptrend had a trendline cross with the final magnet downtrend today. GEN stayed above the 16.50 strong magnet all day. It is reacting very well to the magnets. Optimal entry is 16.50 but not likely to get it. I am on volume watch only with it. As Doug would say, give me a hiccup....

one of the coolest magnet charts I have seen

ht
david

and, as I have been forgetting lately

not a recommendation, just an observation.