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 (24037)	12/8/1998 8:41:00 PM
From: Magnatizer	Read Replies (1) of 79230

Market Magnets 12.9.98 notes Dow: Triple set of trendlines holding on. Still looking like a retest of 9141 trendline possible. It should occur by Thurs afternoon Nas: Tested 2055 strong magnet today. Likely to retest it before the Friday. Looking like it is time to initiate some short term short positions. SP500: Possible uptrend tests I spoke of yesterday are looking less likely. Risk/reward looks to be to high to maintain long positions. Mond Tues Wed Thurs Fri DOW 30 Close 9016 9071 9028 day prior Monday Friday (if sloped) 7933 -1083 -1138 -1095 7933 7933 8143 -874 -929 -886 8143 8143 8190 8208 -826 -877 -829 8204 8208 8352 -664 -719 -676 8352 8352 8561 -455 -510 -467 8561 8561 8770 -246 -301 -258 8770 8770 8980 -36 -91 -48 8980 8980 8993 9016 -23 -72 -24 9010 9016 9021 9041 5 -45 3 9036 9041 9141 9168 125 77 127 9161 9168 9423 9460 407 361 414 9451 9460 9398 382 327 370 9398 9398 9651 635 580 623 9651 9651 9905 889 834 877 9905 9905 Nasdaq Close 2003 2041 2035 day prior Monday Friday 1413 1415 -590 -628 -621 1415 1415 1419 1415 -584 -623 -618 1416 1415 1478 -525 -563 -557 1478 1478 1528 -475 -513 -507 1528 1528 1550 -453 -491 -485 1550 1550 1504 1484 -499 -542 -541 1489 1484 1505 1493 -498 -539 -536 1496 1493 1572 1565 -431 -471 -467 1567 1565 1622 -381 -419 -413 1622 1622 1694 -309 -347 -341 1694 1694 1766 -237 -275 -269 1766 1766 1783 -221 -259 -253 1783 1783 1846 -157 -195 -189 1846 1846 1910 -93 -131 -125 1910 1910 1973 -30 -68 -62 1973 1973 2046 2053 43 7 15 2051 2053 2055 52 14 20 2055 2055 2167 2173 164 128 135 2172 2173 SP500 Close 1177 1188 1181 day prior Monday Friday 978 -199 -210 -203 978 978 1024 -153 -164 -157 1024 1024 1017 1018 -160 -171 -164 1018 1018 1028 1031 -149 -159 -152 1030 1031 1033 1034 -144 -155 -148 1034 1034 1037 1039 -140 -151 -143 1039 1039 1042 -135 -146 -139 1042 1042 1076 1079 -101 -111 -104 1078 1079 1070 -107 -118 -111 1070 1070 1116 -61 -72 -65 1116 1116 1162 -15 -26 -19 1162 1162 1165 1166 -12 -23 -16 1166 1166 1216 1218 39 29 36 1218 1218 1221 1226 44 34 43 1225 1226 1225 1226 48 37 45 1226 1226 1223 46 35 42 1223 1223 1245 1246 68 57 65 1246 1246 ht david

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