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Strategies & Market Trends : The Market Beacons

SPY 670.92

+0.1%

Nov 7 4:00 PM EST

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To: JoeinIowa who wrote (620)	3/29/2001 9:09:25 PM
From: Magnatizer	of 1298

Subjective targeting using magnets Joe The signal was due to the magnet trendline cross day. The nasdaq could be at 1 and I would take such a signal. ;-) The failure of the nas to advance to the 1800 neutral zone on the last move off 1624 weak mag is a signal the next horizontal down will be tested if/when 1624 is breached again. This happened yesterday on close and 1624 pretty well marked the top today. 1492 is a very realistic target here and 1271 is not out of the question. I assume I will be taken out of short in that general area. That was the horizontals view. The magnet trendlines paint a similar picture. The last move off 10.23.00 to 12.8.00 trendline failed to reach 8.1.96 to 4.18.97 tline. If 10.23.00 to 12.8.00 is lost the next level down is 7.14.94 to 10.13.94 trendline... low 1200s. ht Mag

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