Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Doug R who wrote (22682)	11/7/1998 4:20:00 PM
From: MechanicalMethod	Read Replies (1) \| Respond to of 79270

Doug, On PRMS head to neckline is 6 and adding 6 to the 11 break point gives the 17 target? I've wanted to focus on HS/IHS since Hurrah's and it's helping my other TL studies so I really appreciate these visual mode quick takes. 11/05 looks like a successful retest and the follow through on 11/6 might have been anticipated had I known what to be looking for. Osci

To: Doug R who wrote (22682)	11/7/1998 9:43:00 PM
From: Magnatizer	Read Replies (2) \| Respond to of 79270

Market Magnets for week of 11.9.98 Notes: The big three are smoking. All are pushing indicators to their upper limits. Still seeing some profit taking soon but it may not result in much of a dip. My favorite indicator for predicting market movement ahead of time has been moving down on the three indexes since 10.29. It is usually early so I do expect a base/decline to start. If the markets base out and let the long term indicators cool off we could be in for REAL fireworks next week. DOW: 11.18 is a significant date. Magnet trendline crossovers in the 11000 area and the indicator which I referred to earlier has a triple trendline crossover that day. (BTW, please don't ask for the indicator as it was given to me by someone who requested I keep it hush). Doug, is the Dow going comkey? Nasdaq: I like it to go to the uptrend at 2007 this week. Reason, the Dow reached its overhead uptrends last week and then volume slowed. Nasdaq should get the trading $$$$ which is leaving the Dow. I thought the Dow would not get to the overhead uptrends and was very wrong. Underestimated the power of this market. Lots of cash went into Money markets during the past 4 months. It is looking for a place to go. I suspect tech stocks are going to be the main beneficiaries. Nasdaq has a trendline crossover this week. One of the trendlines is not a magnet trendline (1609). It is a normal trendline so it will be interesting to see if it has an effect. SP500 Target of 1157 uptrend this week. This is a trendline from 12.2.88 to 3.15.89 which acted as a axis to the SP500 action from March to June this year. 11.17.98 has a trendline crossover in the 1200 area. then there are other crossovers coming in the following weeks. Looks like we should be prepared for just about anything, with a bias towards up through Nov. Mond Tues Wed Thurs Fri DOW 30 Close 8976 day prior Monday Friday (if sloped) 7933 -1043 7933 7933 7933 7933 8105 8124 -871 8110 8115 8119 8124 8143 -834 8143 8143 8143 8143 8352 -624 8352 8352 8352 8352 8561 -415 8561 8561 8561 8561 8770 -206 8770 8770 8770 8770 8895 8917 -81 8901 8906 8912 8917 8923 8941 -53 8928 8932 8937 8941 8980 4 8980 8980 8980 8980 9037 9060 61 9043 9049 9054 9060 9254 9295 278 9264 9275 9285 9295 9398 422 9398 9398 9398 9398 Nasdaq Close 1857 day prior Monday Friday 1405 1407 -452 1406 1406 1407 1407 1434 1430 -423 1433 1432 1431 1430 1478 -379 1478 1478 1478 1478 1528 -329 1528 1528 1528 1528 1550 -307 1550 1550 1550 1550 1561 1548 -296 1558 1555 1551 1548 1606 1599 -251 1604 1603 1601 1599 1622 -235 1622 1622 1622 1622 1609 1588 -248 1604 1599 1593 1588 1694 -163 1694 1694 1694 1694 1766 -91 1766 1766 1766 1766 1783 -75 1783 1783 1783 1783 1846 -11 1846 1846 1846 1846 1910 53 1910 1910 1910 1910 1973 116 1973 1973 1973 1973 2007 2015 150 2009 2011 2013 2015 2055 198 2055 2055 2055 2055 SP500 Close 1141 day prior Monday Friday 948 949 -193 948 949 949 949 970 962 -171 968 966 964 962 978 -163 978 978 978 978 1007 1008 -134 1007 1008 1008 1008 1018 1020 -123 1019 1019 1020 1020 1024 -117 1024 1024 1024 1024 1025 1028 -116 1026 1027 1027 1028 1032 1033 -109 1032 1033 1033 1033 1042 -99 1042 1042 1042 1042 1064 1066 -77 1065 1065 1066 1066 1070 -71 1070 1070 1070 1070 1116 -25 1116 1116 1116 1116 1157 1159 16 1158 1158 1159 1159 1162 21 1162 1162 1162 1162 1204 1208 63 1205 1206 1207 1208 ht david