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 (23840)	12/4/1998 12:02:00 AM
From: Magnatizer	Read Replies (1) of 79230

Market magnets 12.4.98 notes: dow: could show one last surge over the next week or so before falling to the 8561 neutral zone. That will be a time to load the boat cuz it looks like a rally is coming to send out the year. 8770 has also been an important support, it may be the bottom point of the correction also. Nas: slowly throwing in towel. Has more going for it than the Dow but does not seem to be taking the lead. It is a follower now. Preliminary target for downside is 1766 SP500: similar to the above. 1116 target. 1073 uptrend would not surprise me if it ended up being the bottom Mond Tues Wed Thurs Fri DOW 30 Close 9333 9116 9133 9064 8880 day prior Monday Friday (if sloped) 7933 -1400 -1183 -1200 -1131 -947 8143 -1191 -974 -991 -922 -738 8169 8188 -1164 -942 -955 -881 -692 8352 -981 -764 -781 -712 -528 8561 -772 -555 -572 -503 -319 8770 -563 -346 -363 -294 -110 8966 8988 -367 -145 -156 -82 108 8980 -353 -136 -153 -84 100 8995 9017 -338 -116 -127 -53 137 9116 9137 -217 5 -7 68 257 9383 9419 50 276 268 346 539 9398 65 282 265 334 518 9651 318 535 518 587 771 9905 572 789 772 841 1025 Nasdaq Close 2016 1949 2004 1995 1954 day prior Monday Friday 1413 1415 -603 -536 -590 -581 -539 1423 1420 -593 -527 -583 -574 -534 1478 -538 -471 -526 -517 -476 1528 -488 -421 -476 -467 -426 1550 -466 -399 -454 -445 -404 1520 1509 -496 -432 -490 -483 -445 1531 1511 -485 -423 -483 -479 -443 1581 1573 -435 -370 -427 -420 -381 1622 -394 -327 -382 -373 -332 1694 -322 -255 -310 -301 -260 1766 -250 -183 -238 -229 -188 1783 -234 -167 -222 -213 -172 1846 -170 -103 -158 -149 -108 1910 -106 -39 -94 -85 -44 1973 -43 24 -31 -22 19 2035 2043 19 88 35 46 89 2055 39 106 51 60 101 2160 2166 144 213 159 170 212 SP500 Close 1192 1164 1175 1171 1150 day prior Monday Friday 978 -214 -186 -197 -193 -172 1012 1013 -180 -152 -163 -158 -137 1024 -168 -140 -151 -147 -126 1026 1028 -166 -138 -148 -144 -122 1033 1034 -159 -131 -142 -137 -116 1034 1037 -158 -129 -140 -135 -113 1042 -150 -122 -133 -129 -108 1073 1076 -119 -90 -101 -96 -74 1070 -122 -94 -105 -101 -80 1116 -76 -48 -59 -55 -34 1161 1163 -31 -3 -13 -9 13 1162 -30 -2 -13 -9 12 1217 1220 25 54 44 48 70 1222 1223 30 58 48 52 73 1223 31 59 48 52 73 1230 1231 38 66 56 60 81 ht david

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