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Strategies & Market Trends : Stock Attack -- A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Chris who wrote (14023)	8/5/1998 8:07:00 PM
From: Magnatizer	Respond to of 42787

Who says you can't TA this market. Notice the supports and resistance for the Dow. OK so the magnet were off by 9 or so points each way. I am not complaining To: James Strauss (20204 ) From: David J Tuesday, Aug 4 1998 4:44PM ET Reply # of 20261 Magnets for the Dow, S&P, Nasdaq These are to be used as support and resistance areas. Some are magnets, some are uptrend or downtrend lines related to magnets and some are just areas between magnets. All have significance. Uptrends are noted as xxxx-yyyyy where xxxx<yyyyy Downtrends are yyyy-xxxx where yyyy>xxxx Dow 30: 7458.2, 7460-7480 (uptrend-used as support during Oct minicrash), 7756.4, 7961.6, 8166.8, 8372, 8525-8550, 8575-8600, 8577.2, 8660-8680, 8792.3, 8987.5, 9192.7, 9190-9210, 9397.9 Nasdaq: 1477.7 (Oct and Jan support area), 1490-1480, 1528.3, 1591.8, 1655.4, 1719, 1782.6, 1846.2, 1860-1875, 1909.8, 1973.3, 2036.9 strong magnet S&P: 913.28, 932.22, 981.11, 950-960 (this uptrend provided support during the Oct crash), 1025-1030, 1030, 1035-1040 (provided support during Jan dip), 1078.8, 1127.7 weak, 1181.8 weak (so far as the market top) I will be using these numbers as support on what I believe is going to be a correction to the mid 7000s on the Dow. 1030 area on the S&P and 1475 area on the nasdaq. ht david

To: Chris who wrote (14023)	8/5/1998 8:10:00 PM
From: bobby beara	Read Replies (3) \| Respond to of 42787

Chris, I think you can throw out your bull market indicators. We are in a bear market since 7/20. The game has changed and thats why the bulls have continued to buy the dip on this oversold condition (and get butchered). We need a new look @ indicators for this new era market. the traders that cannot change with the trend will be dust. In the bull, buying continued into oversold conditions, in the bear selling will continue into oversold conditions. In order to be a good trader in this market we will have to make a quick quick quick paradigm shift. bull or bear is insignificant! emotional attachment is insignificant! the game is to win! bb