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 (28502)	4/15/1999 9:49:00 PM
From: Magnatizer	Read Replies (2) of 79213

Market magnets 4.16.99 Getting a bit trepid once again. The short term set ups on Tuesday did not play out in a bullish manner. Caution is a key here. At minimum we should get some strength shortly as the sp500 and naz attempt to recover key tlines. Nothing like a good old mag tline crossover day to get some V into the market. WOW notes Dow: 10352 utrend holding. Weekly buy in tact. Nasdaq: Filled gap from 4.1 today. See how it deals with return to 2570 utrend. If it acts as serious resistance a scenario will likely play out which sends the nas to the 2300s toward middle of next month. Weekly buy rating SP500: Possible test of 1294 utrend tomorrow. Needs a very strong bounce off of it. If it does not dip it still need to get back to 1335 utrend by Monday close. Nas100: Holding onto 2115 utrend. Warning shot heard and naz 100 responded quickly. Weekly buy in tact. Well, its not getting any easier to read this market. Weekly buys aid in my bullishness but the key tlines loosing their hold really temper my aggression. I did buy the dip today but the shares are in loose hands. Mond Tues Wed Thurs Fri DOW 30 Close 10174 10340 10395 10412 10463 day prior Monday Friday (if sloped) 9439 9459 -735 -896 -946 -958 -1004 9470 9493 -704 -864 -914 -925 -970 9605 9629 -569 -729 -778 -789 -834 9651 -523 -689 -744 -761 -812 9905 -269 -435 -490 -507 -558 10158 -16 -182 -237 -254 -305 10193 10226 19 -139 -186 -194 -237 10352 10405 178 25 -17 -20 -58 10411 237 71 16 -1 -52 10679 505 339 284 267 216 10947 773 607 552 535 484 Nasdaq Close 2593 2599 2584 2507 2522 day prior Monday Friday 2055 -538 -544 -529 -452 -467 2220 2228 -373 -377 -360 -281 -294 2289 2295 -304 -309 -292 -214 -227 2316 -277 -283 -268 -191 -206 2418 2405 -175 -184 -173 -99 -117 2497 -96 -102 -87 -10 -25 2550 2581 -43 -41 -19 66 59 2570 2578 -23 -27 -10 69 56 2655 62 56 71 148 133 2812 219 213 228 305 290 2970 377 371 386 463 448 3127 534 528 543 620 605 3210 617 611 626 703 688 SP500 Close 1348 1359 1350 1328 1323 day prior Monday Friday 1162 -186 -197 -188 -166 -161 1195 1196 -153 -164 -155 -132 -127 1223 -125 -136 -127 -105 -100 1251 1252 -97 -108 -99 -76 -71 1270 1271 -78 -89 -80 -57 -52 1294 1298 -54 -64 -54 -31 -25 1300 -48 -59 -50 -28 -23 1325 1331 -23 -33 -22 2 8 1335 1337 -13 -24 -14 9 14 1340 1352 -8 -16 -4 21 29 1418 1420 70 60 69 92 97 1447 99 88 97 119 124 1593 245 234 243 265 270 NDX Close 2233 2219 2175 2104 2136 day prior Monday Friday 1888 -345 -331 -287 -216 -248 1975 -258 -244 -200 -129 -161 2030 -203 -189 -145 -74 -106 2084 -149 -135 -91 -20 -52 2115 2138 -118 -98 -49 28 2 2177 -56 -42 2 73 41 2269 36 50 94 165 133 2362 129 143 187 258 226 2454 221 235 279 350 318 ht david

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