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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: HairBall who wrote (409)	12/4/1998 4:13:00 PM
From: Magnatizer	Read Replies (2) \| Respond to of 99985

LG do not underestimate the magnet trendlines draw. Close today was 136.46, magnet trendline value today at 137. They have a good hold of the Dow movement. I am sure you tracked the dow closely today. Note the movement around the +108 trendline today. Was the pivot point to the market all day IMO. The three trendlines have a hold of the market for the next few days. As far as an end of year run we shall see. I seem to remember a conversation with you regarding baby boomer spending. As noted, when rates were cut spending has increased. Housing up, service sector employment up.... all going to plan ht david