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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 (26697)	2/24/1999 8:41:00 PM
From: Magnatizer	Read Replies (1) \| Respond to of 79193

Market magnets 2.25.99 notes Todays action made me pull in the horns a bit and hedge my longs using MDY short position Dow: Back into set of three. Looks like we are in for some more testing of the utrends. Nas: leaning toward retest of 2240 utrend again. Leaders hit resistance today and resistance held across the board. SP500: Looks like another test of 85 line is likely. I really don't like the idea of another failure to break away from it. The Yo Yo continues..... Mond Tues Wed Thurs Fri DOW 30 Close 9340 9553 9544 9400 day prior Monday Friday (if sloped) 8561 -779 -992 -983 -839 8561 8980 -360 -573 -564 -420 8980 9258 9281 -82 -289 -275 -125 9281 9290 9314 -50 -257 -242 -92 9314 9398 58 -155 -146 -2 9398 9420 9444 80 -127 -112 38 9444 9761 9829 421 225 251 412 9829 9881 9917 541 337 355 508 9917 9651 311 98 107 251 9651 9905 565 352 361 505 9905 10158 818 605 614 758 10158 Nasdaq Close 2284 2342 2376 2339 day prior Monday Friday 1846 -438 -496 -530 -493 1846 1910 -374 -432 -466 -429 1910 1973 -311 -369 -403 -366 1973 2055 -229 -287 -321 -284 2055 2150 2158 -134 -190 -222 -183 2158 2240 2246 -44 -101 -133 -95 2246 2316 32 -26 -60 -23 2316 2497 213 155 121 158 2497 2497 2505 213 157 125 164 2505 2655 371 313 279 316 2655 2970 686 628 594 631 2970 SP500 Close 1239 1272 1271 1253 day prior Monday Friday 1116 -123 -156 -155 -137 1116 1162 -77 -110 -109 -91 1162 1183 1185 -56 -89 -87 -69 1185 1223 -16 -49 -48 -30 1223 1240 1241 1 -32 -31 -12 1241 1260 1262 21 -12 -10 9 1262 1269 1273 30 -2 0 19 1273 1300 61 28 29 47 1300 1324 1325 85 52 54 72 1325 1406 1407 167 134 136 154 1407 1447 208 175 176 194 1447 85 line in bold ht david