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

To: Magnatizer who wrote (26457)	2/17/1999 9:48:00 PM
From: Magnatizer	Read Replies (1) \| Respond to of 79201

Market magnets 2.18.99 notes Spreadsheet values are one day off. Monday is Tuesday.... Friday is next Monday I am not a Yo Yo, I am not a Yo YO, I am not a Yo YO It did not work yesterday so I thought I better stick with it till it works. Nas came very close to testing the 2235 utrend coming within 6 points of touching it. I suspect it is going to be given a testing period of at least one week. Again, this tline must hold or 2055 becomes the next downside target. SP500 needs to recover and hold 85 line. If it fails to do so by Friday my downside target is 1181 utrend. A failure there and we will likely see our buying op present itself in the low 1100s Dow 30 left the security of the three trendlines today. Others have support in the low 9000s, my first support happens in upper 8000s. I believe the Dow is following the other indexes currently so my emphasis is leaning toward them. A check of the weekly indicator on all the indexes shows if we were to close at current levels the buy signal would still be valid. No weekly sell signals yet Mond Tues Wed Thurs Fri DOW 30 Close 9275 9297 9195 day prior Monday Friday (if sloped) 8561 -714 -736 -634 8561 8561 8980 -295 -317 -215 8980 8980 9238 9259 -37 -54 54 9254 9259 9270 9289 -5 -22 85 9284 9289 9400 9421 125 108 216 9416 9421 9398 123 101 203 9398 9398 9691 9766 416 413 534 9747 9766 9847 9884 572 559 671 9875 9884 9651 376 354 456 9651 9651 9905 630 608 710 9905 9905 10158 883 861 963 10158 10158 Nasdaq Close 2322 2314 2249 day prior Monday Friday 1846 -476 -468 -403 1846 1846 1910 -412 -404 -339 1910 1910 1973 -349 -341 -276 1973 1973 2055 -267 -259 -194 2055 2055 2141 2150 -181 -171 -104 2148 2150 2235 2241 -87 -78 -11 2240 2241 2316 -6 2 67 2316 2316 2487 2497 165 176 243 2495 2497 2497 175 183 248 2497 2497 2669 2718 347 367 445 2706 2718 2655 333 341 406 2655 2655 2970 648 656 721 2970 2970 SP500 Close 1230 1242 1224 day prior Monday Friday 1116 -114 -126 -108 1116 1116 1162 -68 -80 -62 1162 1162 1181 1183 -49 -61 -42 1183 1183 1223 -7 -19 -1 1223 1223 1239 1240 9 -3 16 1240 1240 1259 1260 29 17 36 1260 1260 1265 1269 35 24 43 1268 1269 1300 70 58 76 1300 1300 1323 1324 93 81 100 1324 1324 1405 1406 175 163 182 1406 1406 ht david