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


To: ivan solotaroff who wrote (33125)12/20/1999 2:40:00 PM
From: Magnatizer  Respond to of 79193
 
SPX weekly fin

geocities.com

having trouble with geocities page editor. The commentary is updated but this chart is not linked on the main page.

geocities.com

EDIT: commentary not updated but its main point was the weekly fin on the SPX as this is a quite rare formation for this index....
Also... market magnets spreadsheet not updated or any of the charts.
IOW, forget the site, just check the chart.

ht
david



To: ivan solotaroff who wrote (33125)12/21/1999 3:30:00 PM
From: Doug R  Read Replies (1) | Respond to of 79193
 
Ivan,

LH:

That's a nicely formed rounded bottom on it. The recent top is a MIM only and now the waiting begins. The BO appears to be academic but could take a while to come along. Then of course there's the retest and the volume supported move off the MDTL that is required as well.
I've been seeing quite a few MIMs setting up over the last couple months. That leads me to think that the end of April and beginning of May will start a new crop of MIMBOs. That usually means the market will also be puttin' on another show at that time.

Doug R