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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 (30847)7/11/1999 9:35:00 PM
From: Magnatizer  Read Replies (1) | Respond to of 79243
 
Market Magnets 7.12.99

geocities.com

notes

Dow: Weekly hold. Target 9.16.98 utrend over next 3-6 weeks.

Nasdaq: Reran the entire nasdaq mag profile after finding some errors in the previous signals. Weekly buy rating. Target 10.16.98 utrend over next 3-6 weeks.

SP500: Weekly buy rating. Target 10.15.98 utrend over next 3-6 weeks. Tline cross on the 30th of July is the 86 line crossing the 9.18.97 tline.

Nas 100: Weekly buy rating. Target 9.14.98 utrend over next 3-6 weeks. The target seems a bit conservative and likely is.

I am more leaning toward a timing model over the next 3 weeks as opposed to the target model. I feel we will run into the key tline cross date on the SP500. Due to the overheated CCI (13) weekly on most the market mag indexes I will be looking at hedging my long term holds and likely focusing the daytrading to the short side of the market in August.

ht
david