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

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To: Magnatizer who wrote (26619)2/23/1999 12:08:00 AM
From: Magnatizer  Read Replies (1) of 79193
 
Market magnets 2.23.99

notes

Dow: breakout. Targeting upper 97 to 9800s over the next two week.
Need some volume to make it happen. Does not look ready for a run
at 10k just yet.

SP500: breakout. moved through some serious overhead today.
targeting 1324 utrend in next two weeks

Nas comp: put a nice bit of distance between it and the 2240 utrend
which it bounced off of last week. Still see a probable retest but
it did reshift the balance toward a run at 2497. Would call it
60/40 in favor of 2240 retest currently.

Mond Tues Wed Thurs Fri
DOW 30 Close 9340 9553
day prior

Monday Friday
(if sloped)

8561 -779 -992 8561 8561 8561
8980 -360 -573 8980 8980 8980
9258 9281 -82 -289 9270 9275 9281
9290 9314 -50 -257 9302 9308 9314
9398 58 -155 9398 9398 9398
9420 9444 80 -127 9432 9438 9444
9761 9829 421 225 9795 9812 9829
9881 9917 541 337 9899 9908 9917
9651 311 98 9651 9651 9651
9905 565 352 9905 9905 9905
10158 818 605 10158 10158 10158

Nasdaq Close 2284 2342
day prior

Monday Friday

1846 -438 -496 1846 1846 1846
1910 -374 -432 1910 1910 1910
1973 -311 -369 1973 1973 1973
2055 -229 -287 2055 2055 2055
2150 2158 -134 -190 2154 2156 2158
2240 2246 -44 -101 2243 2245 2246
2316 32 -26 2316 2316 2316
2497 213 155 2497 2497 2497
2497 2505 213 157 2501 2503 2505
2655 371 313 2655 2655 2655
2970 686 628 2970 2970 2970

SP500 Close 1239 1272
day prior

Monday Friday

1116 -123 -156 1116 1116 1116
1162 -77 -110 1162 1162 1162
1183 1185 -56 -89 1184 1185 1185
1223 -16 -49 1223 1223 1223
1240 1241 1 -32 1241 1241 1241
1260 1262 21 -12 1261 1262 1262
1269 1273 30 -2 1271 1272 1273
1300 61 28 1300 1300 1300
1324 1325 85 52 1325 1325 1325
1406 1407 167 134 1407 1407 1407
1447 208 175 1447 1447 1447


85 Line in bold

ht
david
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