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Strategies & Market Trends : The 56 Point TA; Charts With an Attitude -- Ignore unavailable to you. Want to Upgrade?

To: Magnatizer who wrote (30285)	6/16/1999 10:15:00 PM
From: Magnatizer	Read Replies (1) \| Respond to of 79230

Market Magnets 6.17.99 notes Wow, made a mistake selling my QQQ long into the large gap open. Yea its gonna at least come back and test open lows possibly even fill the gap... nope! Anyway, large gaps on the nasdaq indexes today are likely to be filled in the near future. Nasdaq: stopped 4 points shy of key tline. The newest tline cross tline which had surprised me that it was not tested after forming. I expect it to be somewhat stiff. Nas 100: regained newest utrend and moved off it well. Very, very strong move today. Mond Tues Wed Thurs Fri DOW 30 Close 10491 10563 10595 10785 day prior Monday Friday (if sloped) 9847 9870 -644 -710 -737 -921 9870 Top of Set of Three 9905 -586 -658 -690 -880 9905 Neutral zone 10158 -333 -405 -437 -627 10158 Quarter zone 10411 -80 -152 -184 -374 10411 Weak 10582 10613 91 27 3 -180 10613 Not Mag but very key 10679 188 116 84 -106 10679 Neutral zone 10947 456 384 352 162 10947 Regular 11096 11160 605 549 533 359 11160 Newest mag tline 11239 748 676 644 454 11239 Weak Nasdaq Close 2448 2398 2415 2518 day prior Monday Friday 2055 -393 -343 -360 -463 2055 Strong 2198 -250 -200 -217 -320 2198 Weak 2289 2279 -159 -112 -131 -237 2279 2312 2320 -136 -84 -99 -200 2320 2316 -132 -82 -99 -202 2316 Neutral zone 2353 2358 -95 -44 -60 -161 2358 12.23.94 to 10.20.95 2434 -14 36 19 -84 2434 Weak 2480 2484 32 83 67 -35 2484 2497 49 99 82 -21 2497 Regular 2527 2520 79 127 109 4 2520 5.21.99 to 6.8.99 2648 2663 200 254 241 141 2663 1.14.99 to 3.16.99 2668 2677 220 272 258 157 2677 8.2.96 to 11.8.96 2655 207 257 240 137 2655 Quarter zone 2891 2925 443 502 493 399 2925 2812 364 414 397 294 2812 Regular 2970 522 572 555 452 2970 Quarter zone SP500 Close 1294 1294 1301 1330 day prior Monday Friday 1162 -132 -132 -139 -168 1162 Neutral zone 1208 -86 -86 -93 -122 1208 Quarter zone 1211 1212 -83 -83 -90 -118 1212 1265 1266 -29 -29 -36 -64 1266 85 Line 1274 1257 -20 -24 -36 -69 1257 5.10.99 to 6.1.99 1284 1285 -10 -10 -17 -45 1285 8.1.84 to 10.19.84 1300 6 6 -1 -30 1300 Regular 1334 1337 40 41 35 6 1337 9.18.97 to 6.24.98 1348 1350 54 55 48 20 1350 1352 1353 58 58 52 23 1353 86 Line 1397 1403 103 105 99 72 1403 1439 1440 145 145 139 110 1440 1447 153 153 146 117 1447 Quarter zone 1456 1466 162 165 160 134 1466 1593 299 299 292 263 1593 Neutral zone NDX Close 2062 2029 2058 2167 day prior Monday Friday 1888 -174 -141 -170 -279 1888 Quarter zone 1975 -87 -54 -83 -192 1975 Strong 2030 -32 1 -28 -137 2030 Neutral zone 2084 22 55 26 -83 2084 Regular 2091 2094 29 63 35 -74 2094 3.26.99 to 6.9.99 2177 115 148 119 10 2177 Quarter zone 2269 207 240 211 102 2269 Neutral zone 2366 2393 304 344 322 219 2393 2362 300 333 304 195 2362 Quarter zone 2454 392 425 396 287 2454 Regular ht david