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 (24112)	12/9/1998 9:50:00 PM
From: Magnatizer	Read Replies (2) of 79230

Market magnets 12.9.98 notes Dow: still holding onto set of three trendlines. Using theoretical data it was stopped by the 9141 trendline twice this week. Looks like the downturn could start at any time. Nas: Tried very hard to get to 2055 strong magnet today but was not successful. That pesky 2046 uptrend was too much. May see 2055 tomorrow or Friday. I initiated first short since Oct today. SP500: YAWN. 1165 uptrend is my short once broken line. Will be shorting SPY. Mond Tues Wed Thurs Fri DOW 30 Close 9016 9071 9028 9009 day prior Monday Friday (if sloped) 7933 -1083 -1138 -1095 -1076 7933 8143 -874 -929 -886 -867 8143 8190 8208 -826 -877 -829 -806 8208 8352 -664 -719 -676 -657 8352 8561 -455 -510 -467 -448 8561 8770 -246 -301 -258 -239 8770 8980 -36 -91 -48 -29 8980 8993 9016 -23 -72 -24 1 9016 9021 9041 5 -45 3 27 9041 9141 9168 125 77 127 152 9168 9423 9460 407 361 414 442 9460 9398 382 327 370 389 9398 9651 635 580 623 642 9651 9905 889 834 877 896 9905 Nasdaq Close 2003 2041 2035 2050 day prior Monday Friday 1413 1415 -590 -628 -621 -636 1415 1419 1415 -584 -623 -618 -634 1415 1478 -525 -563 -557 -572 1478 1528 -475 -513 -507 -522 1528 1550 -453 -491 -485 -500 1550 1504 1484 -499 -542 -541 -561 1484 1505 1493 -498 -539 -536 -554 1493 1572 1565 -431 -471 -467 -483 1565 1622 -381 -419 -413 -428 1622 1694 -309 -347 -341 -356 1694 1766 -237 -275 -269 -284 1766 1783 -221 -259 -253 -268 1783 1846 -157 -195 -189 -204 1846 1910 -93 -131 -125 -140 1910 1973 -30 -68 -62 -77 1973 2046 2053 43 7 15 1 2053 2055 52 14 20 5 2055 2167 2173 164 128 135 122 2173 SP500 Close 1177 1188 1181 1184 day prior Monday Friday 978 -199 -210 -203 -206 978 1024 -153 -164 -157 -160 1024 1017 1018 -160 -171 -164 -166 1018 1028 1031 -149 -159 -152 -154 1031 1033 1034 -144 -155 -148 -150 1034 1037 1039 -140 -151 -143 -146 1039 1042 -135 -146 -139 -142 1042 1076 1079 -101 -111 -104 -106 1079 1070 -107 -118 -111 -114 1070 1116 -61 -72 -65 -68 1116 1162 -15 -26 -19 -22 1162 1165 1166 -12 -23 -16 -18 1166 1216 1218 39 29 36 34 1218 1221 1226 44 34 43 41 1226 1225 1226 48 37 45 42 1226 1223 46 35 42 39 1223 1245 1246 68 57 65 62 1246 ht david

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