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

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To: Magnatizer who wrote (23492)11/28/1998 2:11:00 AM
From: Magnatizer  Read Replies (2) of 79230
 
Market magnets 11.30.98

notes:

Dow: Looks like it will try for one last pop over the 9383 uptrend.
Likely to happen monday. Indicators are starting to weaken so I don't
expect pop to hold

Nasdaq: Still gunning for 2035 uptrend target. 2055 horizontal magnet
is a strong one so it should be quite stiff once touched. Have a
trendline crossover coming up Dec 7 in the low 1500s. My call is
we will see a short term top in the nasdaq at 2055 +- 5 points this
week

SP500: Same as Dow. Targeting 1217 to 1222 uptrends for a top area.

R2K: looking very good for a run at 420 area. Like small cap techs
a whole lot this week as traders

Mond Tues Wed Thurs Fri
DOW 30 Close 9333
day prior

Monday Friday
(if sloped)
7933 -1400 7933 7933 7933 7933
8143 -1191 8143 8143 8143 8143
8169 8188 -1164 8174 8179 8183 8188
8352 -981 8352 8352 8352 8352
8561 -772 8561 8561 8561 8561
8770 -563 8770 8770 8770 8770
8966 8988 -367 8972 8977 8983 8988
8995 9017 -338 9001 9006 9012 9017
8980 -353 8980 8980 8980 8980
9116 9137 -217 9121 9127 9132 9137
9383 9419 50 9392 9401 9410 9419
9398 65 9398 9398 9398 9398
9651 318 9651 9651 9651 9651
9905 572 9905 9905 9905 9905

Nasdaq Close 2016
day prior

Monday Friday
1413 1415 -603 1414 1414 1415 1415
1423 1420 -593 1422 1422 1421 1420
1478 -538 1478 1478 1478 1478
1528 -488 1528 1528 1528 1528
1550 -466 1550 1550 1550 1550
1520 1509 -496 1517 1515 1512 1509
1531 1511 -485 1526 1521 1516 1511
1581 1573 -435 1579 1577 1575 1573
1622 -394 1622 1622 1622 1622
1694 -322 1694 1694 1694 1694
1766 -250 1766 1766 1766 1766
1783 -234 1783 1783 1783 1783
1846 -170 1846 1846 1846 1846
1910 -106 1910 1910 1910 1910
1973 -43 1973 1973 1973 1973
2035 2043 19 2037 2039 2041 2043
2055 39 2055 2055 2055 2055
2160 2166 144 2162 2163 2165 2166

SP500 Close 1192
day prior

Monday Friday

978 -214 978 978 978 978
1012 1013 -180 1012 1013 1013 1013
1024 -168 1024 1024 1024 1024
1026 1028 -166 1027 1027 1028 1028
1033 1034 -159 1033 1034 1034 1034
1034 1037 -158 1035 1036 1036 1037
1042 -150 1042 1042 1042 1042
1073 1076 -119 1074 1075 1075 1076
1070 -122 1070 1070 1070 1070
1116 -76 1116 1116 1116 1116
1161 1163 -31 1162 1162 1163 1163
1162 -30 1162 1162 1162 1162
1217 1220 25 1218 1219 1219 1220
1222 1223 30 1222 1223 1223 1223
1223 31 1223 1223 1223 1223
1230 1231 38 1230 1231 1231 1231

ht
david
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