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Strategies & Market Trends : The 56 Point TA; Charts With an Attitude
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To: Magnatizer who wrote (26521)2/21/1999 10:41:00 PM
From: Magnatizer  Read Replies (1) of 79193
 
Market Magnets 2.22.99

notes

Dow: Hanging in the set of three again. Not much new to report.

SP500: 85 line is like glue. Value this week is the 1240 utrend.
Same ole same ole.

Nasdaq comp: bouncing nicely off the 2240 utrend. Likely to retest
this week but would not be out of the question for a surge at 2497
utrend. Not likely but possible.

Weekly buys still on all three indexes

Mond Tues Wed Thurs Fri
DOW 30 Close 9340
day prior

Monday Friday
(if sloped)

8561 -779 8561 8561 8561 8561
8980 -360 8980 8980 8980 8980
9258 9281 -82 9264 9270 9275 9281
9290 9314 -50 9296 9302 9308 9314
9398 58 9398 9398 9398 9398
9420 9444 80 9426 9432 9438 9444
9761 9829 421 9778 9795 9812 9829
9881 9917 541 9890 9899 9908 9917
9651 311 9651 9651 9651 9651
9905 565 9905 9905 9905 9905
10158 818 10158 10158 10158 10158

Nasdaq Close 2284
day prior

Monday Friday

1846 -438 1846 1846 1846 1846
1910 -374 1910 1910 1910 1910
1973 -311 1973 1973 1973 1973
2055 -229 2055 2055 2055 2055
2150 2158 -134 2152 2154 2156 2158
2240 2246 -44 2242 2243 2245 2246
2316 32 2316 2316 2316 2316
2497 213 2497 2497 2497 2497
2497 2505 213 2499 2501 2503 2505
2655 371 2655 2655 2655 2655
2970 686 2970 2970 2970 2970

SP500 Close 1239
day prior

Monday Friday

1116 -123 1116 1116 1116 1116
1162 -77 1162 1162 1162 1162
1183 1185 -56 1184 1184 1185 1185
1223 -16 1223 1223 1223 1223
1240 1241 1 1240 1241 1241 1241
1260 1262 21 1261 1261 1262 1262
1269 1273 30 1270 1271 1272 1273
1300 61 1300 1300 1300 1300
1324 1325 85 1324 1325 1325 1325
1406 1407 167 1406 1407 1407 1407
1447 208 1447 1447 1447 1447

85 line in bold

ht
david
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