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

To: theshaker who wrote (25851)	1/26/1999 1:54:00 AM
From: Doug R	Respond to of 79281

OH'Doug, HNV is also in the state of trend line sensitivity. If you combine David J's post on the magnet line with my own about the price uptrend line, you'll note that there is a "hybrid" intersection Tuesday. We actually have done little work regarding magnet/price trend intersections but from what I have seen they can be significantly pivotal. With the current price in close proximity to this intersection, there's actually little downside risk from here in that you'll experience a minimal loss from here if it breaks below the intersection (at 2 7/8) which would be a sell signal IMO. Therefore the downside risk at this point is 3/16. Not too terribly unreasonable I'd say. Doug R