SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : The 56 Point TA; Charts With an Attitude

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Magnatizer who wrote (27296)3/11/1999 10:32:00 PM
From: Magnatizer  Read Replies (1) of 79179
 
Market magnets 3.12.99

notes

Dow: With a close here or slightly higher tomorrow and a weak weekly
buy signal will be given. A strong up day will give a more clear
buy signal though I do not forsee a strong up day tomorrow. A touch
of 10k is likely gonna be the short term top.

Nasdaq: Not likely to get a weekly buy signal. Needs to get its
generals back.

SP500: Weekly hold likely to remain. Mid term techs had a turndown
on 1/3 of the grouping today. 3 day RSI has a IHS which stopped at
the neckline today. Will take a strong open tomorrow to get it
rolling through.

If signs of topping occur tomorrow as the Dow feels the psychological
and technical resistance of 10k I will be looking to hedge longs.
Likely give the QQQ a test run as the large techs seem to have the
least amount of positive undertones.

Mond Tues Wed Thurs Fri
DOW 30 Close 9736 9728 9694 9773 9897
day prior

Monday Friday
(if sloped)

8561 -1175 -1167 -1133 -1212 -1336
8980 -756 -748 -714 -793 -917
9310 9335 -426 -412 -372 -444 -562
9346 9370 -390 -376 -336 -409 -527
9398 -338 -330 -296 -375 -499
9476 9497 -260 -247 -208 -281 -400
9651 -85 -77 -43 -122 -246
9905 169 177 211 132 8
9931 10008 195 222 276 216 111
9965 10002 229 246 290 220 105
10158 422 430 464 385 261

Nasdaq Close 2337 2398 2393 2406 2412
day prior

Monday Friday

1846 -491 -552 -547 -560 -566
1910 -427 -488 -483 -496 -502
1973 -364 -425 -420 -433 -439
2055 -282 -343 -338 -351 -357
2171 2179 -166 -225 -218 -229 -233
2255 2261 -82 -142 -135 -147 -151
2316 -21 -82 -77 -90 -96
2497 160 99 104 91 85
2516 2525 179 120 128 117 113
2655 318 257 262 249 243
2970 633 572 577 564 558

SP500 Close 1275 1283 1280 1287 1298
day prior

Monday Friday

1116 -159 -167 -164 -171 -182
1162 -113 -121 -118 -125 -136
1186 1187 -89 -97 -94 -100 -111
1223 -52 -60 -57 -64 -75
1244 1245 -31 -39 -36 -42 -53
1263 1264 -12 -20 -17 -23 -34
1272 1277 -3 -10 -6 -11 -21
1269 1283 -6 -11 -4 -8 -15
1300 25 17 20 13 2
1328 1329 53 45 49 42 31
1411 1413 136 129 132 126 115
1447 172 164 167 160 149

NDX Close 1970 2034 2029 2039 2044
day prior

Monday Friday

1800 -170 -234 -229 -239 -244
1888 -82 -146 -141 -151 -156
1975 5 -59 -54 -64 -69
2030 60 -4 1 -9 -14
2084 114 50 55 45 40

ht
david
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext