The 56 Point TA; Charts With an Attitude Message Board

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

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To: Magnatizer who wrote (32132)	9/26/1999 8:55:00 PM
From: Magnatizer	Read Replies (1) of 79450

Market magnets 9.27.99 geocities.com HOW BOUT TEAM USA IN THE RYDER CUP!!!!!!!!!!!!!!!! Wow what a comeback... Prolly influence my reads this week as I am so pumped I doubt I can find any bearishness. MAN WHAT A REBOUND alright, will try anyway Hammers formed on Dow, Nas, Nas 100 and SP500 Friday. I expect a short term up move as end of month window dressing and technically oversold factors weigh on the market. Dow: Weekly sell. CCI (13) weekly has crossed below -150. This happened much quicker than I had thought it would which tells me this correction may not last 6 weeks... Maybe more in the 3-4 week area. Nasdaq: Weekly buy (weak). SP500: Weekly sell. Head and shoulder top formed, no neckline break yet. Nas100: Weekly hold. 10.12.99 tline cross at 2850. R2K: Weekly sell. SP looks most likely of the indexes to have upside. Nas and Nas 100 not at severely oversold as the sp and dow. Still bear/correction in mind for the next month but will trade this bounce on the long side. ht david

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