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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 (28399)4/12/1999 9:07:00 PM
From: Magnatizer  Respond to of 79220
 
Myron

USWB mags: 23.75 weak, 28.1875 quarter zone, 32.625 neutral zone, 37.0625 quarter zone, 41.50 weak, 41.60 uptrend...

USWB indicators I would rate as weak/neutral. Neutral in that they appear to be coming off bottom, weak as in... man those look very weak. ;0)

Weekly sell rating.

That said I do see a likely return to upper 30s in the next few days to weeks do to its likely attempt to regain the key 41.60 utrend. Right now I would say the rally will fizzle but it should be watched. Entry around 32.625 neutral zone with a stop in upper 28s would be my choice for playing this stock.

ht
david