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 (27329)	3/13/1999 4:44:00 PM
From: Magnatizer	Read Replies (1) of 79178

Market magnets 3.15.99 Notes Dow: Midterm techs still turned up across the board. Weekly buy signal given though it is a weak one. Will wait for a confirm (end of next week check) before I act on it. 10015 utrend is not mag but is very important, connect lows from 10.28.97 to 1.12.98. It has been stiff resistance since it formed and I expect it to continue as such. Got 10k on theoretical data, does that count.... Nasdaq: Got a tline cross on 3.16 at 1450. A gap to fill to 2337 and still on weekly hold. In other words, buddy, your guess is as good as mine. 2/3 mid term techs still up, 1/3 down. Fundamentally the wall of worry is quite tall.... SP500: 1286 utrend is key. A break of it would be a strong warning shot. Weekly hold rating. Has held above 85 line for a week now. This is very encouraging, though i remain cautious here. Hows that for being on the fence? Nas 100: 1975 is strong mag and I expect it to continue to be a axis during the base period. Currently buying (on signs of strength) when it dips below 1975 and selling above 1975 (on signs of weakness) is how I am gonna play it. Mid term techs totally neutral. Weekly hold. Basically what I am seeing is for the market to rally from here it will have to be lead by the dow 30. Technology appears to have lost its leadership status for the time being. Can the Dow lead a charge??? Mond Tues Wed Thurs Fri DOW 30 Close 9876 day prior Monday Friday (if sloped) 8980 -896 8980 8980 8980 8980 9340 9361 -536 9345 9351 9356 9361 9363 9387 -513 9369 9375 9381 9387 9398 -478 9398 9398 9398 9398 9508 9532 -368 9514 9520 9526 9532 9651 -225 9651 9651 9651 9651 9905 29 9905 9905 9905 9905 10015 10051 139 10024 10033 10042 10051 10021 10088 145 10038 10055 10071 10088 10158 282 10158 10158 10158 10158 10411 535 10411 10411 10411 10411 Nasdaq Close 2382 day prior Monday Friday 1846 -536 1846 1846 1846 1846 1910 -472 1910 1910 1910 1910 1973 -409 1973 1973 1973 1973 2055 -327 2055 2055 2055 2055 2180 2190 -202 2183 2185 2188 2190 2261 2267 -121 2263 2264 2266 2267 2316 -66 2316 2316 2316 2316 2497 115 2497 2497 2497 2497 2528 2536 146 2530 2532 2534 2536 2655 273 2655 2655 2655 2655 2970 588 2970 2970 2970 2970 SP500 Close 1295 day prior Monday Friday 1116 -179 1116 1116 1116 1116 1162 -133 1162 1162 1162 1162 1188 1189 -107 1188 1189 1189 1189 1223 -72 1223 1223 1223 1223 1245 1246 -50 1245 1246 1246 1246 1265 1266 -30 1265 1266 1266 1266 1277 1281 -18 1278 1279 1280 1281 1286 1298 -9 1289 1292 1295 1298 1300 5 1300 1300 1300 1300 1330 1331 35 1330 1331 1331 1331 1413 1415 118 1414 1414 1415 1415 1447 152 1447 1447 1447 1447 NDX Close 2009 day prior Monday Friday 1800 -209 1800 1800 1800 1800 1888 -121 1888 1888 1888 1888 1975 -34 1975 1975 1975 1975 2030 21 2030 2030 2030 2030 2084 75 2084 2084 2084 2084 2177 168 2177 2177 2177 2177 ht david

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