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: Magnatizer who wrote (26671)	2/23/1999 10:50:00 PM
From: Magnatizer	Read Replies (1) of 79193

Market magnets 2.24.99 notes Dow: Tested 9420 on theoretical data today. Do not think it was that low on actual. Anyway, bounced nicely. Higher low, higher high. Would like to see it have a few days where it does not touch the set of three utrends from 9258 to 9420 Nasdaq: Took another step toward the 2497 short term target. I suspect we will see some a bit of weakness soon as the leaders are coming onto some resistance areas. A bearish note: Possible H&S taking shape. Got to have balance you know ;0) Sp500: Held itself up well today. Not even a threat at dipping to the 85 line. Needs to pull away soon as last two times it broke through it could not hold breakout. This is still the index I am most focused on. Did anyone hear Greenspan today? New Paradigm could be interpreted into his speech. You know, old dogs can learn new tricks. Mond Tues Wed Thurs Fri DOW 30 Close 9340 9553 9544 day prior Monday Friday (if sloped) 8561 -779 -992 -983 8561 8561 8980 -360 -573 -564 8980 8980 9258 9281 -82 -289 -275 9275 9281 9290 9314 -50 -257 -242 9308 9314 9398 58 -155 -146 9398 9398 9420 9444 80 -127 -112 9438 9444 9761 9829 421 225 251 9812 9829 9881 9917 541 337 355 9908 9917 9651 311 98 107 9651 9651 9905 565 352 361 9905 9905 10158 818 605 614 10158 10158 Nasdaq Close 2284 2342 2376 day prior Monday Friday 1846 -438 -496 -530 1846 1846 1910 -374 -432 -466 1910 1910 1973 -311 -369 -403 1973 1973 2055 -229 -287 -321 2055 2055 2150 2158 -134 -190 -222 2156 2158 2240 2246 -44 -101 -133 2245 2246 2316 32 -26 -60 2316 2316 2497 213 155 121 2497 2497 2497 2505 213 157 125 2503 2505 2655 371 313 279 2655 2655 2970 686 628 594 2970 2970 SP500 Close 1239 1272 1271 day prior Monday Friday 1116 -123 -156 -155 1116 1116 1162 -77 -110 -109 1162 1162 1183 1185 -56 -89 -87 1185 1185 1223 -16 -49 -48 1223 1223 1240 1241 1 -32 -31 1241 1241 1260 1262 21 -12 -10 1262 1262 1269 1273 30 -2 0 1272 1273 1300 61 28 29 1300 1300 1324 1325 85 52 54 1325 1325 1406 1407 167 134 136 1407 1407 1447 208 175 176 1447 1447 85 line ht david

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