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 (29647)	5/18/1999 11:10:00 PM
From: Magnatizer	Read Replies (1) of 79258

Market magnets 5.19.99 notes Dow: Sniff of 10947 and bounce off 10769 utrend all in one day. Whats that say? I see it as a sign of weakness. The dow turned down prior to touching the 10947 mag and the bounce off 10769 utrend was not as high as yesterdays bounce. Nasdaq: Weekly hold remains. SP500: 86 line was resistance today. Weekly hold rating weakening close much below here and a likely weekly sell will be given Friday. Nas 100: 2177 resistance. It looks like the key area to watch. 4 days of highs < 2177 would be a warning shot. Mond Tues Wed Thurs Fri DOW 30 Close 10913 10854 10837 day prior Monday Friday (if sloped) 9651 -1262 -1203 -1186 9651 9651 9747 9768 -1166 -1102 -1080 9763 9768 Top of Set of Three 9905 -1008 -949 -932 9905 9905 10158 -755 -696 -679 10158 10158 10411 -502 -443 -426 10411 10411 10408 10449 -505 -436 -409 10439 10449 Not Mag but very key 10679 -234 -175 -158 10679 10679 10769 10834 -144 -69 -36 10818 10834 Newest mag tline 10947 34 93 110 10947 10947 11239 326 385 402 11239 11239 Nasdaq Close 2528 2562 2558 day prior Monday Friday 2055 -473 -507 -503 2055 2055 Strong 2271 2279 -257 -289 -283 2277 2279 2316 -212 -246 -242 2316 2316 2324 2330 -204 -237 -231 2329 2330 12.23.94 to 10.20.95 2344 2331 -184 -221 -221 2334 2331 2463 2467 -65 -98 -93 2466 2467 2497 -31 -65 -61 2497 2497 2578 2593 50 20 28 2589 2593 1.14.99 to 3.16.99 2623 2632 95 63 70 2630 2632 8.2.96 to 11.8.96 2655 127 93 97 2655 2655 2745 2780 217 192 205 2771 2780 2812 284 250 254 2812 2812 2970 442 408 412 2970 2970 3127 599 565 569 3127 3127 3210 682 648 652 3210 3210 SP500 Close 1338 1340 1333 day prior Monday Friday 1162 -176 -178 -171 1162 1162 1204 1205 -134 -136 -129 1205 1205 1223 -115 -117 -110 1223 1223 1259 1260 -79 -81 -74 1260 1260 85 Line 1278 1279 -60 -62 -55 1279 1279 1300 -38 -40 -33 1300 1300 1317 1321 -21 -22 -14 1320 1321 9.18.97 to 6.24.98 1337 1339 -1 -3 5 1339 1339 New Mag Tline cross 1344 1345 6 4 12 1345 1345 86 Line 1366 1372 28 28 36 1371 1372 1411 1422 73 74 84 1419 1422 1430 1431 92 90 98 1431 1431 1447 109 107 114 1447 1447 1593 255 253 260 1593 1593 NDX Close 2125 2176 2159 day prior Monday Friday 1888 -237 -288 -271 1888 1888 1975 -150 -201 -184 1975 1975 Strong 2030 -95 -146 -129 2030 2030 2084 -41 -92 -75 2084 2084 2177 52 1 18 2177 2177 2269 144 93 110 2269 2269 2260 2283 135 90 113 2277 2283 2362 237 186 203 2362 2362 2454 329 278 295 2454 2454 ht david

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