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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 (21380)	9/16/1998 4:36:00 PM
From: Magnatizer	Respond to of 79273

Doug my feel was to short the SPY in the last 30 minutes if the S&P could not climb over 1034. Well, it did that with no problem. I really like the recent bull action now. This is the second day in a row where the S&P and Naz have closed strong to finish above the magnet downtrend. One more day of this and I have to go 100% into equities again. Tomorrow is going to be judgement day. Also have yet to look at the internals. Hope the AD is continuing its recent upmove. As far as bonds up I am at a loss. Thought they would sell off in the last half hour as the market moved up. Perhaps the latin american investors are moving in. Sounds like the IMF is gonna have some trouble getting funds. That is too bad. FWIW P&Fers went on bull status today. ht david