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

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To: Magnatizer who wrote (30018)6/2/1999 8:44:00 PM
From: Magnatizer  Read Replies (3) of 79230
 
Market Magnets 5.3.99

notes

Dow: Still weekly hold here.

Nasdaq: Still weekly sell here.

SP500: Still weekly sell here. Also added a new tline which formed
on Tuesdays tline cross. Dates of tline anchor are listed in
spreadsheet. Connect the highs for downtrend.

Nas100: Still weekly sell here.

Need some up soon or next week could get ugly.

Mond Tues Wed Thurs Fri
DOW 30 Close 0 10560 10596 10578
day prior

Monday Friday
(if sloped)

9651 9651 -909 -945 -927 9651
9794 9818 9794 -760 -790 -766 9818 Top of Set of Three
9905 9905 -655 -691 -673 9905
10158 10158 -402 -438 -420 10158
10411 10411 -149 -185 -167 10411
10482 10521 10482 -68 -95 -67 10521 Not Mag but very key
10679 10679 119 83 101 10679
10926 10998 10926 384 366 402 10998 Newest mag tline
10947 10947 387 351 369 10947
11239 11239 679 643 661 11239

Nasdaq Close 0 2471 2412 2432 Next mag tline cross:
day prior 6.7.99

Monday Friday

2055 2055 -416 -357 -377 2055 Strong
2290 2298 2290 -179 -118 -136 2298
2316 2316 -155 -96 -116 2316
2317 2304 2317 -157 -102 -125 2304
2338 2343 2338 -132 -72 -90 2343 12.23.94 to 10.20.95
2471 2475 2471 1 61 42 2475
2497 2497 26 85 65 2497
2611 2624 2611 143 206 189 2624 1.14.99 to 3.16.99
2644 2652 2644 175 236 218 2652 8.2.96 to 11.8.96
2655 2655 184 243 223 2655
2818 2844 2818 354 419 406 2844
2812 2812 341 400 380 2812
2970 2970 499 558 538 2970
3127 3127 656 715 695 3127
3210 3210 739 798 778 3210

SP500 Close 0 1302 1294 1295
day prior

Monday Friday

1162 1162 -140 -132 -133 1162
1208 1209 1208 -94 -86 -86 1209
1223 1223 -79 -71 -72 1223
1262 1263 1262 -40 -32 -32 1263 85 Line
1281 1282 1281 -21 -13 -13 1282 8.1.84 to 10.19.84
1304 1292 1304 -1 4 0 1292 5.10.99 to 6.1.99
1300 1300 -2 6 5 1300
1325 1328 1325 24 33 32 1328 9.18.97 to 6.24.98
1342 1344 1342 41 49 49 1344 New Mag Tline cross
1348 1350 1348 47 55 55 1350 86 Line
1381 1387 1381 81 90 91 1387
1434 1444 1434 135 145 147 1444
1436 1437 1436 134 143 142 1437
1447 1447 145 153 152 1447
1593 1593 291 299 298 1593

NDX Close 0 2090 2026 2075
day prior

Monday Friday

1888 1888 -202 -138 -187 1888
1975 1975 -115 -51 -100 1975 Strong
2030 2030 -60 4 -45 2030
2084 2084 -6 58 9 2084
2177 2177 87 151 102 2177
2269 2269 179 243 194 2269
2312 2337 2312 228 299 256 2337
2362 2362 272 336 287 2362
2454 2454 364 428 379 2454

ht
david
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