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: Doug R who wrote (37349)	10/20/2000 9:09:22 AM
From: Magnatizer	Read Replies (1) of 79180

Doug, I really like SP to low 1430 are to retest that key magnet trendline. I am still bearish with a move to 2612 on Nas 100 in my sights. The reason for the bearishness is the completely unnecessary return of nas comp to the 3222 magnet. For instance, in 1987 when the SP returned to finish the test of its horizontal it was over and done with no retest, ever. There is some concern to my bearishness in the form of the SOX. It has completed dual bullish formations (gartley and butterfly) and if it closes up here today it will verify them with a bottom type candle. The targets from these formations range from mid 900 to low 1000 level. ht Mag

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