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


To: bdog who wrote (21769)10/1/1998 2:27:00 AM
From: Doug R  Read Replies (4) | Respond to of 79217
 
Bombardmentdog,

The energy level emitted by magnetman's laboratory is beginning to rival that of my own. I wouldn't at all be surprised if it causes a major malfunction in the entire global satellite positioning network. >>gg<<

At last check there's a price trend line intersection closely followed by a magnet trend line intersection coming up in the first half of October. We are aware that:
A.) price trend line intersections are significant points in the overall supply/demand process as relates to investor decision processes. This was most recently evidenced by the 9/8 largest single point gain on the DJIA when ,as I pointed out at the St. Louis seminar on 9/5, there was a triple intersection on that day, and;
B.) price almost always rises in the days leading up to magnet trend intersections.

One bit of observation that I have not yet related to anyone is that if price breaks below a significant magnet value (which is a horizontal value rather than a trend line) shortly before the magnet trend intersection approaches, some extreme downside nastiness is in store.
Ok David (magnetman), where are we in relation to any horizontal magnet lines? If the market holds above this test of the magnet trend line, I say we're going rather high rather quickly. If the DJIA breaks below support toward the magnet trend line intersection...yikes.

Some fun, huh???
Doug R



To: bdog who wrote (21769)10/1/1998 10:00:00 AM
From: Magnatizer  Read Replies (1) | Respond to of 79217
 
bdog

I heard about the magnatar myself. Was on the way to the course yesterday and it was on the radio. Did you hear the stats on them. 12 miles diameter, magnetic pull 1 billion X stronger than the earth (I think it was a billion, may have been higher) and one tablespoon of mater from the magnatar weights as much as a oil tanker or something like that. It is just unbelievable.

Other than that: I look for the Dow to bounce off of (119) sometime today. The SP5 I am looking for a bottoming in the (11.5) area.

ht
david