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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 (26917)	3/1/1999 11:55:00 PM
From: Cornstock	Read Replies (1) \| Respond to of 79183

Thanks David J. I love your magnets.. Am starting to get serious about them. Just great information.

To: Magnatizer who wrote (26917)	3/2/1999 4:06:00 AM
From: Doug R	Read Replies (1) \| Respond to of 79183

David, Here's something interesting. A whim to use a 233 dMFI hit me tonight. It's absolutely awesome IMO. Excellent for establishing a bullish (I should say "ballistic") threshold line. It would be worked in along the same method as the SMI bullish threshold line. Hmmm...perhaps I should couple it with the SMI bullish threshold...or maybe an 89, 3, 5 move over 80. Or better yet, couple it with the 89, 3, 5 screaming buy signal...or the MACD trend line screaming buy signal. Maybe using a CCI spike signal within the last 10 weeks as a turbo-charger. Yikes...I've suddenly found myself back in my lab. Doug R

To: Magnatizer who wrote (26917)	3/2/1999 11:46:00 PM
From: Magnatizer	Read Replies (4) \| Respond to of 79183

Market magnets 3.3.99 notes Dow tline crossover day showed continued weakness likely. Near the bottom of the set of three tlines (9285 utrend) the Dow is very close to loosing its important support and heading toward the upper 8000s. Weekly rating is still hold. A few hundred points down will likely give a sell signal Nasdaq: Nearing the 2247 utrend which has been the target for support over the past few weeks. If it fails to hold 2055 becomes the next important mag value to focus on. Weekly hold still on. A drop of 50 or so points will likely give the sell signal. SP500: 85 line could do no more than hold the sp up for a few hours today. Weekly indicators are closest to sell signal of the three. It is very concerning here. OK, so now that my somewhat bearish short term stance is laid out what would it take to put my horns back on. 1) SP to recover above the 85 line and PRONTO. Once it recovers it must hold for a min of 4 days. 2) there is no 2. Mond Tues Wed Thurs Fri DOW 30 Close 9307 9325 9298 day prior Monday Friday (if sloped) 8561 -746 -764 -737 8561 8561 8980 -327 -345 -318 8980 8980 9285 9307 -22 -35 -2 9302 9307 9319 9340 12 -1 32 9335 9340 9398 91 73 100 9398 9398 9452 9475 145 133 166 9469 9475 9853 9914 546 543 586 9899 9914 9923 9959 616 607 643 9950 9959 9651 344 326 353 9651 9651 9905 598 580 607 9905 9905 10158 851 833 860 10158 10158 Nasdaq Close 2288 2295 2259 day prior Monday Friday 1846 -442 -449 -413 1846 1846 1910 -378 -385 -349 1910 1910 1973 -315 -322 -286 1973 1973 2055 -233 -240 -204 2055 2055 2161 2168 -127 -132 -95 2166 2168 2247 2253 -41 -47 -9 2252 2253 2316 28 21 57 2316 2316 2497 209 202 238 2497 2497 2507 2515 219 214 252 2513 2515 2655 367 360 396 2655 2655 2970 682 675 711 2970 2970 SP500 Close 1238 1236 1226 day prior Monday Friday 1116 -122 -120 -110 1116 1116 1162 -76 -74 -64 1162 1162 1185 1186 -53 -51 -41 1186 1186 1223 -15 -13 -3 1223 1223 1242 1243 4 6 17 1243 1243 1262 1263 24 26 37 1263 1263 1273 1277 35 38 49 1276 1277 1300 62 64 74 1300 1300 1326 1328 88 91 101 1328 1328 1409 1411 171 174 184 1411 1411 1447 209 211 221 1447 1447 85 line ht david