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

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To: Magnatizer who wrote (30197)6/13/1999 3:38:00 PM
From: Magnatizer  Read Replies (1) of 79227
 
Market magnets 6.14.99

The weekly ratings I use are signals I receive using a combination of
two indicators. When both are moving up I consider it a weekly buy
rating, one up one down is weekly hold and two down weekly sell.
What it tells me in the bias (buy: up, hold: flat, sell: down) which
is in the market on a longer time frame as opposed to daily or
intraday reads. Magnets do not play a part of the weekly ratings,
just the indicators.

notes:

Dow: Weak weekly hold rating, near sell.

Nasdaq: Weekly sell rating.

SP500: Weekly sell rating.

Nas 100: Weekly sell rating. Watching 2091 utrend closely. A time
frame of 4 or more days below that line with no return would give me
cause for moving to a bearish bias.

Last week I discounted the weekly ratings because they were so close
to reversing to weekly buys. This week I will maintain the hold bias
in my portfolio the weekly ratings were so close to turning back to
buy bias last week.

Mond Tues Wed Thurs Fri
DOW 30 Close 10491
day prior

Monday Friday
(if sloped)

9847 9870 -644 9853 9859 9864 9870 Top of Set of Three
9905 -586 9905 9905 9905 9905 Neutral zone
10158 -333 10158 10158 10158 10158 Quarter zone
10411 -80 10411 10411 10411 10411 Weak
10582 10613 91 10590 10598 10605 10613 Not Mag but very key
10679 188 10679 10679 10679 10679 Neutral zone
10947 456 10947 10947 10947 10947 Regular
11096 11160 605 11112 11128 11144 11160 Newest mag tline
11239 748 11239 11239 11239 11239 Weak

Nasdaq Close 2448
day prior

Monday Friday

2055 -393 2055 2055 2055 2055 Strong
2198 -250 2198 2198 2198 2198 Weak
2289 2279 -159 2287 2284 2282 2279
2312 2320 -136 2314 2316 2318 2320
2316 -132 2316 2316 2316 2316 Neutral zone
2353 2358 -95 2354 2356 2357 2358 12.23.94 to 10.20.95
2434 -14 2434 2434 2434 2434 Weak
2480 2484 32 2481 2482 2483 2484
2497 49 2497 2497 2497 2497 Regular
2527 2520 79 2525 2524 2522 2520 5.21.99 to 6.8.99
2648 2663 200 2652 2656 2659 2663 1.14.99 to 3.16.99
2668 2677 220 2670 2673 2675 2677 8.2.96 to 11.8.96
2655 207 2655 2655 2655 2655 Quarter zone
2891 2925 443 2900 2908 2917 2925
2812 364 2812 2812 2812 2812 Regular
2970 522 2970 2970 2970 2970 Quarter zone

SP500 Close 1294
day prior

Monday Friday

1162 -132 1162 1162 1162 1162 Neutral zone
1208 -86 1208 1208 1208 1208 Quarter zone
1211 1212 -83 1211 1212 1212 1212
1265 1266 -29 1265 1266 1266 1266 85 Line
1274 1257 -20 1270 1266 1261 1257 5.10.99 to 6.1.99
1284 1285 -10 1284 1285 1285 1285 8.1.84 to 10.19.84
1300 6 1300 1300 1300 1300 Regular
1334 1337 40 1335 1336 1336 1337 9.18.97 to 6.24.98
1348 1350 54 1349 1349 1350 1350
1352 1353 58 1352 1353 1353 1353 86 Line
1397 1403 103 1399 1400 1402 1403
1439 1440 145 1439 1440 1440 1440
1447 153 1447 1447 1447 1447 Quarter zone
1456 1466 162 1459 1461 1464 1466
1593 299 1593 1593 1593 1593 Neutral zone

NDX Close 2062
day prior

Monday Friday

1888 -174 1888 1888 1888 1888 Quarter zone
1975 -87 1975 1975 1975 1975 Strong
2030 -32 2030 2030 2030 2030 Neutral zone
2084 22 2084 2084 2084 2084 Regular
2091 2094 29 2092 2093 2093 2094 3.26.99 to 6.9.99
2177 115 2177 2177 2177 2177 Quarter zone
2269 207 2269 2269 2269 2269 Neutral zone
2366 2393 304 2373 2380 2386 2393
2362 300 2362 2362 2362 2362 Quarter zone
2454 392 2454 2454 2454 2454 Regular

ht
david
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