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


To: Doug R who wrote (20894)8/29/1998 7:52:00 PM
From: Magnatizer  Respond to of 79231
 
Doug

after closer examination of the magnets in the 7000s I have a few minor changes that are gonna make you smile

Magnets in the 7000s: 7724, 7458.2, 7424.8, 7339.8, 7192.4 and a magnet trendline in the 7525 area (this trendline provided support in the oct mini crash)

the good news: neutral zones area located at 7591 and 7266.1 which jive with your DJIA numbers of 7610 and 7250. WHEW!!!

Neutral zones have been providing great support for the Dow and other indexes and equities so I give them much consideration when I am doing my reads.

ht
david

EDIT: saw your edit so this edit is to show that I edited to show I saw your edit. got it



To: Doug R who wrote (20894)8/29/1998 10:45:00 PM
From: Sergio H  Respond to of 79231
 
Doug, I watched Louis R's TV show on Fri. night. I watched Fortune Mag's TV show on Wed. night. I spoke to a couple of Wall Street traders for major banks over the last few days and I've read everything that I could find to read on the current stock market and world economic situation. I'm not buying too much just yet.

I'm not convinced that we've seen a market bottom yet although the pros are publicly stating that the market has over reacted to the Russian economic woes. Here's what I posted on The Amigo thread:
Message 5623663

Thanks for your heads up call last week. You continue to be THE TA GURU.

Sergio




To: Doug R who wrote (20894)8/31/1998 11:43:00 AM
From: ChrisJP  Respond to of 79231
 
Dear Doug,

Looks like the tests of the support levels are going to happen soon.

Just sitting on the sidelines waiting to see if it passes or fails.

Regards,
Chris



To: Doug R who wrote (20894)8/31/1998 1:56:00 PM
From: James Strauss  Respond to of 79231
 
CAND...

I took off my BEAR hat long enough to buy CAND at 5 5/8... Great fundamentals and good support level at 5 1/2 to 5 5/8...

Jim



To: Doug R who wrote (20894)8/31/1998 3:04:00 PM
From: Doug R  Respond to of 79231
 
Well,

This is where the market decides if it hit the bottom. Everything but the S&P 500 is in a chart support area. 1,000 on the S&P is a psych. support area so it could be said all 4 are testing. Not doing a good job of it either.

Doug R