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Strategies & Market Trends : The 56 Point TA; Charts With an Attitude

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To: Magnatizer who wrote (30116)6/7/1999 10:42:00 PM
From: Magnatizer  Read Replies (2) of 79230
 
Market magnets 6.8.99

notes

All the market magnet indexes are near mag signals. Strong up day
tomorrow would likely get all triggered, flat to mild up may trigger
a few. I am gonna have some fun and estimate lows for tomorrow.

Dow: 10895 est low.

Nasdaq: 2530 est low.

SP500: 1336.5 est low.

Nas 100: 2142 est low.

Nas and Nas 100 will totally reverse the weekly sell signals to weekly
buys with closes here or better Friday.

Mond Tues Wed Thurs Fri
DOW 30 Close 10800 10909
day prior

Monday Friday
(if sloped)

9825 9846 -975 -1079 9836 9841 9846 Top of Set of Three
9905 -895 -1004 9905 9905 9905 Neutral zone
10158 -642 -751 10158 10158 10158 Quarter zone
10411 -389 -498 10411 10411 10411 Weak
10536 10572 -264 -364 10554 10563 10572 Not Mag but very key
10679 -121 -230 10679 10679 10679 Neutral zone
10947 147 38 10947 10947 10947 Regular
11004 11072 204 112 11038 11055 11072 Newest mag tline
11239 439 330 11239 11239 11239 Weak

Nasdaq Close 2478 2524 Next mag tline cross:
day prior 6.8.99

Monday Friday

2055 -423 -469 2055 2055 2055 Strong
2198 -280 -326 2198 2198 2198 Weak
2306 2295 -172 -221 2301 2298 2295
2300 2308 -178 -222 2304 2306 2308
2316 -162 -208 2316 2316 2316 Neutral zone
2346 2343 -132 -179 2345 2344 2343 12.23.94 to 10.20.95
2434 -44 -90 2434 2434 2434 Weak
2476 2480 -2 -47 2478 2479 2480
2497 19 -27 2497 2497 2497 Regular
2627 2641 149 107 2634 2638 2641 1.14.99 to 3.16.99
2654 2661 176 132 2658 2659 2661 8.2.96 to 11.8.96
2655 177 131 2655 2655 2655 Quarter zone
2853 2881 375 336 2867 2874 2881
2812 334 288 2812 2812 2812 Regular
2970 492 446 2970 2970 2970 Quarter zone

SP500 Close 1328 1335
day prior

Monday Friday

1162 -166 -173 1162 1162 1162 Neutral zone
1208 -120 -127 1208 1208 1208 Quarter zone
1209 1210 -119 -126 1210 1210 1210
1263 1264 -65 -72 1264 1264 1264 85 Line
1282 1283 -46 -53 1283 1283 1283 8.1.84 to 10.19.84
1289 1276 -39 -49 1283 1279 1276 5.10.99 to 6.1.99
1300 -28 -35 1300 1300 1300 Regular
1330 1333 2 -4 1332 1332 1333 9.18.97 to 6.24.98
1345 1347 17 11 1346 1347 1347
1350 1351 22 15 1351 1351 1351 86 Line
1389 1396 61 56 1393 1394 1396
1437 1438 109 102 1438 1438 1438
1447 119 112 1447 1447 1447 Quarter zone
1446 1455 118 113 1451 1453 1455
1593 265 258 1593 1593 1593 Neutral zone

NDX Close 2109 2153
day prior

Monday Friday

1888 -221 -265 1888 1888 1888 Quarter zone
1975 -134 -178 1975 1975 1975 Strong
2030 -79 -123 2030 2030 2030 Neutral zone
2084 -25 -69 2084 2084 2084 Regular
2177 68 24 2177 2177 2177 Quarter zone
2269 160 116 2269 2269 2269 Neutral zone
2335 2356 226 187 2346 2351 2356
2362 253 209 2362 2362 2362 Quarter zone
2454 345 301 2454 2454 2454 Regular

ht
david
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