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

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To: Magnatizer who wrote (24346)12/22/1998 11:58:00 AM
From: Magnatizer   of 79214
 
Market magnets 12.22.98

notes:

Well, the triple trendline crossover on the Nasdaq yesterday was
a nice predictor of the move starting Friday. WOW. Gapped 2055 and
retested on friday then did not look back. Looks next overhead should
be fairly stiff.

The trendline crossover for today was on the sp500. Not sure what to
make of it yet. Since we did not pull back going into it I would venture
to say it is going to be a short term top date. I have not looked
deep into technicals as time is not available right now but weeklys
are still up strongly indicating a strong pullback is not likely

Will put more nas trendlines on if need be and if time permits

Mond Tues Wed Thurs Fri
DOW 30 Close 8904 8989
day prior

Monday Friday
(if sloped)

7721 7730 -1183 -1266 7726 7728 7730
7933 -971 -1056 7933 7933 7933
8143 -762 -847 8143 8143 8143
8234 8256 -670 -750 8245 8251 8256
8352 -552 -637 8352 8352 8352
8561 -343 -428 8561 8561 8561
8770 -134 -219 8770 8770 8770
8980 76 -9 8980 8980 8980
9045 9070 141 62 9058 9064 9070
9073 9093 169 89 9083 9088 9093
9200 9220 296 216 9210 9215 9220
9398 494 409 9398 9398 9398
9513 9554 609 534 9534 9544 9554
9651 747 662 9651 9651 9651
9905 1001 916 9905 9905 9905

Nasdaq Close 2086 2138
day prior

Monday Friday
1411 1408 -675 -728 1410 1409 1408
1421 1423 -665 -717 1422 1423 1423
1452 1431 -634 -691 1442 1436 1431
1477 1464 -609 -664 1471 1467 1464
1478 -608 -660 1478 1478 1478
1528 -558 -610 1528 1528 1528
1550 -536 -588 1550 1550 1550
1554 1547 -532 -586 1551 1549 1547
1622 -464 -516 1622 1622 1622
1694 -392 -444 1694 1694 1694
1766 -320 -372 1766 1766 1766
1783 -304 -356 1783 1783 1783
1846 -240 -292 1846 1846 1846
1910 -176 -228 1910 1910 1910
1973 -113 -165 1973 1973 1973
2055 -31 -83 2055 2055 2055
2066 2074 -20 -70 2070 2072 2074
2182 2188 96 46 2185 2187 2188

SP500 Close 1188 1203
day prior

Monday Friday


978 -210 -225 978 978 978
1024 -164 -179 1024 1024 1024
1020 1022 -168 -183 1021 1022 1022
1034 1036 -154 -169 1035 1036 1036
1035 1036 -153 -168 1036 1036 1036
1042 -146 -161 1042 1042 1042
1043 1046 -145 -159 1045 1045 1046
1082 1085 -106 -120 1084 1084 1085
1070 -118 -133 1070 1070 1070
1116 -72 -87 1116 1116 1116
1162 -26 -41 1162 1162 1162
1169 1170 -19 -34 1170 1170 1170
1228 1229 40 25 1229 1229 1229
1231 1235 43 29 1233 1234 1235
1248 1249 60 45 1249 1249 1249
1223 35 20 1223 1223 1223
1276 1278 88 74 1277 1278 1278

ht
david
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