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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 (31836)9/6/1999 10:14:00 PM
From: Magnatizer  Read Replies (1) | Respond to of 79450
 
Market Magnets 9.7.99

geocities.com

notes

Dow: Weekly buy rating. Had to adjust the newest mag tline due to a data error I had.

Nasdaq: Weekly buy rating. C&H (not a flat top) break out Friday.

SP500: Weekly buy rating. 1372 is not listed on the mag tlines but it is a key value Tuesday. It is the value of the dtrend (C&H top).

Nas 100: Weekly buy. C&H (a more pleasing set up) break out. Very strong.

Russel 2k: Utrend held as support last week. Weekly sell rating.

Overall I am feeling much less bearish after Fridays action. Nasdaq indexes really made a power move. Watching the sp and dow to see how they deal with their respective dtrend overheads. A bit of volume confirmation would be nice too.

ht
david