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: Doug R who wrote (24599)	12/24/1998 12:15:00 AM
From: Magnatizer	Read Replies (1) of 79597

Doug, thread SP500 stopped today at a crucial magnet trendline. 10.2.85 to 2.5.86 connect lows. The last time the SP500 traded above this trendline was mid-late August of 1987. Need I say more OK. a bit more. I am gonna pull a if then out of the hat. If SP500 can climb above this trendline and hold for more then 3 trading days January may be unbelievable in strength. If it fails to get over it and hold then I forsee a pullback, extent undetermined as of yet. Yea, I know... well duh but, i got to keep it simple as we Iowans like our terms in layman. happy holidays to all Doug, bdog, miles, Ivan, Alski, Osci, Allan, warthog, RWS, Bruce and all who I surely forgot. May your holidays be full of cheer. A toast... let me get my drink... Twas the night before Christmas when all through the house Not a creature was stirring Not even a cat On the parabolic drop they hung with their claws so sharp in hopes that Doug R soon would be there As they tucked in so tight a base they did form One day a huge sell program could not drive them down And a signal was given to the 56 crowd Buy before close they all joined in And a cat was saved by his chinny chin chin ht david

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