I. Introduction
The study of magnetic viscoelastic fluids had been become of increasing importance in the last few years. This is mainly due to their many applications in petroleum drilling, manufacturing of foods and paper and many other similar activities. Srivatsava [1] studied the non-Newtonian fluid flow near a stretching sheet. Rajagopal et al. [2] studied a Falkner-Skan flow field of a second-grade viscoelastic fluid. Massoudi and Ramezan [3] studied a wedge flow with suction and injection along walls of a wedge by the similarity method and finite-difference calculations. An excellent review of boundary layers in non-linear fluids was recently written by Rajagopal [4]. Vajravelu and Soewono [5] had solved the fourth order non-linear systems arising in combined free and forced convection flow of a second order fluid, over a stretching sheet.