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 (26733)	2/26/1999 12:23:00 AM
From: Magnatizer	Read Replies (2) of 79193

Market magnets 2.26.99 Notes Dow: Nice recovery today. Mid term techs have turned down again in oversold range. Weekly buy still on. Tough read but we are still in the set of three which is important Nas: 2240 uptrend is solidly back in the picture for a retest. SP500: 85 line is the big deal yet again. Lots of pivots around the -12 area today and i suspect it will be busy around -4 tomorrow. A gap over (down) in the morning would be reason for caution. Tomorrows action will be quite telling as I feel we are finally at the crossroads. Mond Tues Wed Thurs Fri DOW 30 Close 9340 9553 9544 9400 9366 day prior Monday Friday (if sloped) 8561 -779 -992 -983 -839 -805 8980 -360 -573 -564 -420 -386 9258 9281 -82 -289 -275 -125 -85 9290 9314 -50 -257 -242 -92 -52 9398 58 -155 -146 -2 32 9420 9444 80 -127 -112 38 78 9761 9829 421 225 251 412 463 9881 9917 541 337 355 508 551 9651 311 98 107 251 285 9905 565 352 361 505 539 10158 818 605 614 758 792 Nasdaq Close 2284 2342 2376 2339 2327 day prior Monday Friday 1846 -438 -496 -530 -493 -481 1910 -374 -432 -466 -429 -417 1973 -311 -369 -403 -366 -354 2055 -229 -287 -321 -284 -272 2150 2158 -134 -190 -222 -183 -169 2240 2246 -44 -101 -133 -95 -81 2316 32 -26 -60 -23 -11 2497 213 155 121 158 170 2497 2505 213 157 125 164 178 2655 371 313 279 316 328 2970 686 628 594 631 643 SP500 Close 1239 1272 1271 1253 1245 day prior Monday Friday 1116 -123 -156 -155 -137 -129 1162 -77 -110 -109 -91 -83 1183 1185 -56 -89 -87 -69 -60 1223 -16 -49 -48 -30 -22 1240 1241 1 -32 -31 -12 -4 1260 1262 21 -12 -10 9 17 1269 1273 30 -2 0 19 28 1300 61 28 29 47 55 1324 1325 85 52 54 72 80 1406 1407 167 134 136 154 162 1447 208 175 176 194 202 ht david

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