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Strategies & Market Trends : The 56 Point TA; Charts With an Attitude

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To: Magnatizer who wrote (28721)4/25/1999 2:30:00 PM
From: Magnatizer  Read Replies (1) of 79230
 
Market Magnets 4.26.99

notes

Dow: Weekly buy rating. Mid term indicators moving up in already
strong position. Has a sideways to up bias here. Likely to test
10679 neutral zone a few more days.

Nasdaq: Weekly buy rating. Mids all up in medium strength range.
Watching the 2591 key utrend for signal of nasdaq short term strength.
A pull away from this line on volume would signal a likely move at
2812 neutral zone.

SP500: Weekly buy rating. Mids building into strong positioning.
1340 is the 86 line. 1368 is the newest mag tline and will likely be
overtaken early this week.

Nas 100: Weekly buy rating. 2172 utrend held test on friday.
Also had a very strong bounce off 1975 strong mag last week. Like
it to hit 2269 neutral zone early this week.

R2K: smokinn. Weekly buy rating. IHS is solid BOut. Mids in very
strong position with upward bias.

Mond Tues Wed Thurs Fri
DOW 30 Close 10690
day prior

Monday Friday
(if sloped)

9651 -1039 9651 9651 9651 9651
9905 -785 9905 9905 9905 9905
10158 -532 10158 10158 10158 10158
10279 10316 -411 10288 10298 10307 10316
10411 -279 10411 10411 10411 10411
10513 10583 -177 10531 10548 10566 10583
10679 -11 10679 10679 10679 10679
10947 257 10947 10947 10947 10947
11239 549 11239 11239 11239 11239

Nasdaq Close 2591
day prior

Monday Friday

2055 -536 2055 2055 2055 2055
2241 2249 -350 2243 2245 2247 2249
2304 2310 -287 2306 2307 2309 2310
2316 -275 2316 2316 2316 2316
2386 2377 -205 2384 2382 2379 2377
2497 -94 2497 2497 2497 2497
2591 2600 0 2593 2596 2598 2600
2625 2659 34 2634 2642 2651 2659
2655 64 2655 2655 2655 2655
2812 221 2812 2812 2812 2812
2970 379 2970 2970 2970 2970
3127 536 3127 3127 3127 3127
3210 619 3210 3210 3210 3210

SP500 Close 1357
day prior

Monday Friday

1162 -195 1162 1162 1162 1162
1199 1200 -158 1199 1200 1200 1200
1223 -134 1223 1223 1223 1223
1254 1255 -103 1254 1255 1255 1255
1274 1275 -83 1274 1275 1275 1275
1303 1307 -54 1304 1305 1306 1307
1300 -57 1300 1300 1300 1300
1340 1341 -17 1340 1341 1341 1341
1368 1378 11 1371 1373 1376 1378
1427 1429 70 1428 1428 1429 1429
1447 90 1447 1447 1447 1447
1593 236 1593 1593 1593 1593

NDX Close 2210
day prior

Monday Friday

1888 -322 1888 1888 1888 1888
1975 -235 1975 1975 1975 1975
2030 -180 2030 2030 2030 2030
2084 -126 2084 2084 2084 2084
2177 -33 2177 2177 2177 2177
2172 2193 -38 2177 2183 2188 2193
2269 59 2269 2269 2269 2269
2362 152 2362 2362 2362 2362
2454 244 2454 2454 2454 2454

ht
david
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