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 (23743)	12/1/1998 11:51:00 PM
From: Magnatizer	Read Replies (1) of 79230

Market magnets 12.2.98 notes: Dow is gonna work the 8966, 8995, 9116 trendlines out over the coming week or two. Used the 8995 as support today. The 9116 was the bottom yesterday. Dow indicators still turned down, I suspect it may pop tomorrow in the am, afternoon is the question mark Nasdaq: still targeting 2055 for a short term top SP500: Checked a few things in regards to significant trendline crossover days. Limited studies showed they may be indicative of market turning points in the short term. Last one was 11.25.98 which may be one day shy of the short term top. The one prior was 10.7.98 which was one day short of the bottom. Will do some more historical checking when time permits Mond Tues Wed Thurs Fri DOW 30 Close 9333 9116 9133 day prior Monday Friday (if sloped) 7933 -1400 -1183 -1200 7933 7933 8143 -1191 -974 -991 8143 8143 8169 8188 -1164 -942 -955 8183 8188 8352 -981 -764 -781 8352 8352 8561 -772 -555 -572 8561 8561 8770 -563 -346 -363 8770 8770 8966 8988 -367 -145 -156 8983 8988 8980 -353 -136 -153 8980 8980 8995 9017 -338 -116 -127 9012 9017 9116 9137 -217 5 -7 9132 9137 9383 9419 50 276 268 9410 9419 9398 65 282 265 9398 9398 9651 318 535 518 9651 9651 9905 572 789 772 9905 9905 Nasdaq Close 2016 1949 2004 day prior Monday Friday 1413 1415 -603 -536 -590 1415 1415 1423 1420 -593 -527 -583 1421 1420 1478 -538 -471 -526 1478 1478 1528 -488 -421 -476 1528 1528 1550 -466 -399 -454 1550 1550 1520 1509 -496 -432 -490 1512 1509 1531 1511 -485 -423 -483 1516 1511 1581 1573 -435 -370 -427 1575 1573 1622 -394 -327 -382 1622 1622 1694 -322 -255 -310 1694 1694 1766 -250 -183 -238 1766 1766 1783 -234 -167 -222 1783 1783 1846 -170 -103 -158 1846 1846 1910 -106 -39 -94 1910 1910 1973 -43 24 -31 1973 1973 2035 2043 19 88 35 2041 2043 2055 39 106 51 2055 2055 2160 2166 144 213 159 2165 2166 SP500 Close 1192 1164 1175 day prior Monday Friday 978 -214 -186 -197 978 978 1012 1013 -180 -152 -163 1013 1013 1024 -168 -140 -151 1024 1024 1026 1028 -166 -138 -148 1028 1028 1033 1034 -159 -131 -142 1034 1034 1034 1037 -158 -129 -140 1036 1037 1042 -150 -122 -133 1042 1042 1073 1076 -119 -90 -101 1075 1076 1070 -122 -94 -105 1070 1070 1116 -76 -48 -59 1116 1116 1161 1163 -31 -3 -13 1163 1163 1162 -30 -2 -13 1162 1162 1217 1220 25 54 44 1219 1220 1222 1223 30 58 48 1223 1223 1223 31 59 48 1223 1223 1230 1231 38 66 56 1231 1231 ht david

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