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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 (30816)	7/8/1999 10:26:00 PM
From: Magnatizer	Read Replies (1) \| Respond to of 79243

Market Magnets 7.9.99 geocities.com notes Was not able to watch todays action. Looks like the market continued the consolidation with a bias toward up. One note of caution, CCI (13) on weekly scale is above 200 (overbought) on most of the market magnet indexes. Though not a sell signal to be above, a break below 200 is. Markets/stocks have continued to trend higher as cci (13) trends down but it usually does not last long. This is just a note of caution and something to watch for. I am still quite bullish through the July 30 tline cross in the SP. ht david