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 (29012)	5/3/1999 9:44:00 PM
From: Magnatizer	Read Replies (1) of 79227

Market Magnets 5.4.99 notes Dow: Nice power move today. Nasdaq: Holding onto 2541 utrend. Like it to make a run at 2600 utrend sometime this week. SP500: Regained 86 line today and looks like it will take the next step to 1380 utrend. Nas 100: Like it to run at 2204 utrend. Though I do forsee advance continuing this week it is certainly a time to be cautious. I am going to look at entering short positions as early as Wednesday. Mond Tues Wed Thurs Fri DOW 30 Close 10789 11015 day prior Monday Friday (if sloped) 9651 -1138 -1364 9651 9651 9651 9905 -884 -1110 9905 9905 9905 10158 -631 -857 10158 10158 10158 10326 10360 -463 -681 10343 10352 10360 10411 -378 -604 10411 10411 10411 10600 10670 -189 -398 10635 10653 10670 10679 -110 -336 10679 10679 10679 10947 158 -68 10947 10947 10947 11239 450 224 11239 11239 11239 Nasdaq Close 2543 2536 day prior Monday Friday 2055 -488 -481 2055 2055 2055 2250 2259 -293 -284 2255 2257 2259 2311 2318 -232 -223 2315 2316 2318 2316 -227 -220 2316 2316 2316 2374 2363 -169 -165 2369 2366 2363 2454 2458 -89 -81 2456 2457 2458 2497 -46 -39 2497 2497 2497 2541 2557 -2 9 2549 2553 2557 2600 2609 57 66 2605 2607 2609 2655 112 119 2655 2655 2655 2667 2699 124 139 2683 2691 2699 2812 269 276 2812 2812 2812 2970 427 434 2970 2970 2970 3127 584 591 3127 3127 3127 3210 667 674 3210 3210 3210 SP500 Close 1335 1355 day prior Monday Friday 1162 -173 -193 1162 1162 1162 1201 1202 -134 -154 1202 1202 1202 1223 -112 -132 1223 1223 1223 1256 1257 -79 -99 1257 1257 1257 1275 1276 -60 -80 1276 1276 1276 1300 -35 -55 1300 1300 1300 1308 1311 -27 -46 1310 1310 1311 1341 1342 6 -14 1342 1342 1342 1350 1356 15 -4 1353 1355 1356 1380 1391 45 28 1386 1388 1391 1428 1430 93 74 1429 1430 1430 1447 112 92 1447 1447 1447 1593 258 238 1593 1593 1593 NDX Close 2136 2138 day prior Monday Friday 1888 -248 -250 1888 1888 1888 1975 -161 -163 1975 1975 1975 2030 -106 -108 2030 2030 2030 2084 -52 -54 2084 2084 2084 2177 41 39 2177 2177 2177 2204 2226 68 72 2215 2221 2226 2269 133 131 2269 2269 2269 2362 226 224 2362 2362 2362 2454 318 316 2454 2454 2454 ht david

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