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

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To: Magnatizer who wrote (30177)6/10/1999 11:52:00 PM
From: Magnatizer  Read Replies (1) of 79227
 
Market magnets 6.11.99

notes

Dow: Weekly hold with close here tomorrow. Key 10536 utrend tested
and held today.

Nasdaq: Weekly sell with close here tomorrow. Has yet to test the
new mag tline cross dtrend (2536) and should do so soon, very soon.

SP500: Weekly sell with close here tomorrow.

Nas 100: Weekly sell with close here tomorrow. Tested new mag tline
today and it held as support (end of day). One last test of it
around 3:30 was immediately met with buyers. I am now long QQQ.

Mond Tues Wed Thurs Fri
DOW 30 Close 10800 10909 10766 10690 10621
day prior

Monday Friday
(if sloped)

9825 9846 -975 -1079 -931 -849 -775 Top of Set of Three
9905 -895 -1004 -861 -785 -716 Neutral zone
10158 -642 -751 -608 -532 -463 Quarter zone
10411 -389 -498 -355 -279 -210 Weak
10536 10572 -264 -364 -212 -127 -49 Not Mag but very key
10679 -121 -230 -87 -11 58 Neutral zone
10947 147 38 181 257 326 Regular
11004 11072 204 112 272 365 451 Newest mag tline
11239 439 330 473 549 618 Weak

Nasdaq Close 2478 2524 2475 2519 2485
day prior

Monday Friday

2055 -423 -469 -420 -464 -430 Strong
2198 -280 -326 -277 -321 -287 Weak
2306 2295 -172 -221 -175 -221 -190
2300 2308 -178 -222 -171 -213 -177
2316 -162 -208 -159 -203 -169 Neutral zone
2346 2343 -132 -179 -131 -175 -142 12.23.94 to 10.20.95
2434 -44 -90 -41 -85 -51 Weak
2476 2480 -2 -47 3 -40 -5
2497 19 -27 22 -22 12 Regular
2536 2529 58 10 58 12 44 5.21.99 to 6.8.99
2627 2641 149 107 159 119 156 1.14.99 to 3.16.99
2654 2661 176 132 183 140 176 8.2.96 to 11.8.96
2655 177 131 180 136 170 Quarter zone
2853 2881 375 336 392 355 396
2812 334 288 337 293 327 Regular
2970 492 446 495 451 485 Quarter zone

SP500 Close 1328 1335 1317 1319 1303
day prior

Monday Friday

1162 -166 -173 -155 -157 -141 Neutral zone
1208 -120 -127 -109 -111 -95 Quarter zone
1209 1210 -119 -126 -108 -109 -93
1263 1264 -65 -72 -54 -55 -39 85 Line
1282 1283 -46 -53 -35 -36 -20 8.1.84 to 10.19.84
1289 1276 -39 -49 -35 -40 -27 5.10.99 to 6.1.99
1300 -28 -35 -17 -19 -3 Regular
1330 1333 2 -4 15 13 30 9.18.97 to 6.24.98
1345 1347 17 11 29 28 44
1350 1351 22 15 34 32 48 86 Line
1389 1396 61 56 76 75 93
1437 1438 109 102 121 119 135
1447 119 112 130 128 144 Quarter zone
1446 1455 118 113 134 134 152
1593 265 258 276 274 290 Neutral zone

NDX Close 2109 2153 2087 2136 2098
day prior

Monday Friday

1888 -221 -265 -199 -248 -210 Quarter zone
1975 -134 -178 -112 -161 -123 Strong
2030 -79 -123 -57 -106 -68 Neutral zone
2084 -25 -69 -3 -52 -14 Regular
2088 2090 -21 -65 2 -47 -8 3.26.99 to 6.9.99
2177 68 24 90 41 79 Quarter zone
2269 160 116 182 133 171 Neutral zone
2335 2356 226 187 259 215 258
2362 253 209 275 226 264 Quarter zone
2454 345 301 367 318 356 Regular

ht
david
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