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

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To: Magnatizer who wrote (26255)2/11/1999 9:59:00 PM
From: Magnatizer  Read Replies (2) of 79202
 
Market magnets 2.12.99

Notes:

Dow: set of three trendlines regained control of the dow. A major
move today, +35 is likely to be somewhat stiff resistance tomorrow.

Nas: Looks like it wants to retest 2476 utrend.

SP500: The most significant index magnet wise. Moving through the
85 line again today, the SP500 is set up for a major bull leg up. If
this breakthrough fails, I feel we will pull back strongly. Once
again, the trendline I refer to as the 85 line is the 1238 utrend.
I am a bull unless this line gives up.

If the 85 line does not hold I will start tracking the nasdaq more
closely for a retest of 2055 strong mag.

Mond Tues Wed Thurs Fri
DOW 30 Close 9304 9291 9133 9177 9360
day prior

Monday Friday
(if sloped)

8561 -743 -730 -572 -616 -799
8980 -324 -311 -153 -197 -380
9213 9236 -91 -72 92 53 -124
9243 9264 -61 -43 121 82 -96
9373 9395 69 88 251 213 35
9398 94 107 265 221 38
9637 9712 333 365 542 516 352
9714 9747 410 431 598 562 387
9651 347 360 518 474 291
9905 601 614 772 728 545
10158 854 867 1025 981 798

Nasdaq Close 2374 2405 2311 2310 2406
day prior

Monday Friday

1846 -528 -559 -465 -464 -560
1910 -464 -495 -401 -400 -496
1973 -401 -432 -338 -337 -433
2055 -319 -350 -256 -255 -351
2131 2140 -243 -272 -176 -172 -266
2227 2234 -147 -176 -81 -78 -172
2316 -58 -89 5 6 -90
2476 2484 102 73 169 172 78
2497 123 92 186 187 91
2612 2664 238 220 327 341 258
2655 281 250 344 345 249
2970 596 565 659 660 564

SP500 Close 1239 1244 1216 1224 1254
day prior

Monday Friday

1116 -123 -128 -100 -108 -138
1162 -77 -82 -54 -62 -92
1177 1178 -62 -67 -39 -46 -76
1223 -16 -21 7 -1 -31
1238 1239 -1 -6 23 15 -15
1257 1259 18 14 42 35 5
1260 1269 21 18 49 43 15
1300 61 56 84 76 46
1321 1322 82 77 106 98 68
1403 1405 164 160 188 181 151
1447 208 203 231 223 193

ht
david
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