Sure
apparently you did not copy my post regarding the magnets for the dow and sp5 this week. geeeez
LOL
SP5 magnets (trendline values are considered Monday to Friday) anything that is not a trendline (up, down) is to be considered horizontal and, therefore, does not change from week to week: 932, 956 to 958.5, 957, 981 (Todays low), 996 to 997, 1005.5, 1005.5 to 1008....
The reason I listed 932 is because it the only value which represents and actual magnet. The others in the list are sections between magnets, still reliable but not as strong as normal magnets.
Dow30 magnets: 7192, 9340, 9425, 9458, 7572.5 to 7582 (this trendline was todays low), 7724, 7866 to 7792, 7933....
I expect a bounce tomorrow. Even though my technicals are still pointing down the support holding on the Dow was significant. If it breaks and the break looks to hold I will become very concerned about the possibilities, one of which includes a dip to the 6300 area. I would love the buying op but I fear it would lead to an extended period of negativity which could last for up to another 12-18 months. Still have Y2K on the back of my mind.
ht
david |
