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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 (21484)	9/19/1998 10:34:00 PM
From: Magnatizer	Read Replies (1) \| Respond to of 79229

Doug here is a thread you may want to check out in your free time. (I know, yea right, free time) techstocks.com I will work on that hip turn. Been losing everything to the right. Working on my posture lately and I may be getting a bit to mechanical. Not may game for sure. ht david

To: Doug R who wrote (21484)	9/20/1998 1:02:00 AM
From: MechanicalMethod	Respond to of 79229

Doug, I have the following intersections for the dow based on basic trendlines from highs to mims and lows to vims. 9/23 at 7957 minor intersection, nullified if we don't trend consistently upward Mon and Tues. 10/1 at 7737 intermediate intersection, assumes the latest downtrend acceleration holds for the next 8 trading days. 10/8 at 7831 major intersection, however I believe we will find the direction before then. osci

To: Doug R who wrote (21484)	9/20/1998 2:33:00 AM
From: MechanicalMethod	Read Replies (1) \| Respond to of 79229

Doug, Examining weekly charts of the indices, I note the Russell 2000 closed at it's high for the week. Any close at the high, but particularly a weekly close, is a screaming gtg candlestick signal. The Dow, SnP, and Nasdaq all pulled back to center, giving up half of last weeks gains. Friday, the Russell 2000 ran nicely at the open and again at the close. The following percentage gains are for Friday 9/18. Russell 2000 ..... + 2.24 % Nasdaq .............. + 1.06 % SnP .................... + 0.12 % Dow ................... + 0.28 % Just my opinion, small caps lead last weeks rally because they are oversold. The R2K gave back 16.5 months of gain during the correction, while other indices corrected 8 months of gain. osci

To: Doug R who wrote (21484)	9/20/1998 11:32:00 AM
From: Magnatizer	Read Replies (1) \| Respond to of 79229

Doug Dow trendline crossovers. 9/21/98: Not real excited about this one. One of the trendlines is not a magnet trendline, it is a traditional one. May still cause some volatility however. It is in the 7960 area 10/15 to 10/16 area: This one is very important. It is a crossover of the recent magnet downtrend with the magnet uptrend which has been giving the Dow support recently. It is the apex of the triangle which I have previously said I think the Dow is going into. 7620 area of intersection. ht david