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Strategies & Market Trends : The Market Beacons
SPY 683.63-0.3%Dec 8 4:00 PM EST
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To: Magnatizer who wrote (903)5/6/2001 3:24:31 PM
From: Magnatizer   of 1298
 
I will not be updating commentary for a few days after
Wednesday of this week. I have a wedding to attend.

In light of this I put together the SP 500 support and
resistance spreadsheet for the week of 5.14.01.

Week of 5.14.01
Mon Tues Wed Thurs Fri Magnet
(trendline anchors or horizontal rating)
SP 500
1004 1004 1004 1004 1004 Quarter zone
1063 1063 1064 1064 1064 12.17.91 to 4.14.92
1074 1074 1075 1075 1075 12.31.82 to 7.26.83
1080 1080 1080 1080 1080 Neutral zone
1121 1118 1115 1112 1109 1.17.01 to 4.11.01
1128 1129 1129 1130 1130 11.5.90 to 1.18.91
1132 1131 1130 1129 1128 2.7.00 to 3.6.00
1139 1137 1135 1132 1130 10.24.00 to 12.7.00
1155 1155 1155 1155 1155 Quarter zone
1207 1207 1208 1208 1208 4.5.89 to 11.28.89
1231 1231 1231 1231 1231 Weak
1266 1266 1266 1266 1266 Neutral zone
1285 1284 1283 1282 1281 7.10.00 to 10.24.00
1300 1300 1300 1300 1300 Regular
1326 1326 1326 1325 1325 12.7.00 to 1.17.01
1333 1333 1334 1334 1334 12.5.88 to 3.14.89
1360 1360 1360 1360 1360 Quarter zone
1375 1375 1376 1376 1376 12.19.94 to 1.26.96

Notice the triple cross is actually not happening on one
day but over a span of three days (1128-1130 area). It is
also starting a day later then I had noted prior (the 17th
rather then the 16th). The last day of the set is the
following Monday.

This is the reason I give the anchor dates for these
trendlines. So anyone can plot them at home and double
check my work.

ht
Mag
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