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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 (26956)	3/3/1999 12:46:00 AM
From: Vitas	Read Replies (1) \| Respond to of 79183

David, someting to keep an eye on, the NYSE a-d trendline from FEB '94 cp-tel.net Vitas

To: Magnatizer who wrote (26956)	3/3/1999 2:48:00 AM
From: bdog	Respond to of 79183

David, "there is no 2." LOL! I guess I already acted on #2 today, and everything does look like #2 to me...>g< b2dog

To: Magnatizer who wrote (26956)	3/3/1999 9:44:00 PM
From: Magnatizer	Read Replies (2) \| Respond to of 79183

Market magnets 3.4.99 notes First I would like to point out that I use the weekly indicators for my long term money. When they go to sell I like to be either in cash or hedged 100% with shorts on the market. Been using the MDY, SPY and DIA for my market shorts because they are easiest to move into and out of intraday. As I expect a rally to ensue after the current weakness subsides I will simply hedge my longs with shorts. Also, when I say weekly (buy, hold, sell) on a intraweek basis keep in mind that the reading needs to be confirmed by the close on Friday. I can estimate what level would cause a change in the weekly indicator status but it is just that, an estimate. Dow 30: Weekly hold still on. Fell out of set of three which is a warning flag. Not to encouraged by todays action Nasdaq: Weekly hold rating. Tested 2247 utrend and it held for the day. I expect that uptrend to get more testing over the next few days. I currently feel we are heading toward 2055. SP 500: Weekly hold. Did not make much of a run at the 85 line today. Caution is the word. Mond Tues Wed Thurs Fri DOW 30 Close 9307 9325 9298 9276 day prior Monday Friday (if sloped) 8561 -746 -764 -737 -715 8561 8980 -327 -345 -318 -296 8980 9285 9307 -22 -35 -2 26 9307 9319 9340 12 -1 32 59 9340 9398 91 73 100 122 9398 9452 9475 145 133 166 193 9475 9853 9914 546 543 586 623 9914 9923 9959 616 607 643 674 9959 9651 344 326 353 375 9651 9905 598 580 607 629 9905 10158 851 833 860 882 10158 Nasdaq Close 2288 2295 2259 2265 day prior Monday Friday 1846 -442 -449 -413 -419 1846 1910 -378 -385 -349 -355 1910 1973 -315 -322 -286 -292 1973 2055 -233 -240 -204 -210 2055 2161 2168 -127 -132 -95 -99 2168 2247 2253 -41 -47 -9 -14 2253 2316 28 21 57 51 2316 2497 209 202 238 232 2497 2507 2515 219 214 252 248 2515 2655 367 360 396 390 2655 2970 682 675 711 705 2970 SP500 Close 1238 1236 1226 1228 day prior Monday Friday 1116 -122 -120 -110 -112 1116 1162 -76 -74 -64 -66 1162 1185 1186 -53 -51 -41 -42 1186 1223 -15 -13 -3 -5 1223 1242 1243 4 6 17 15 1243 1262 1263 24 26 37 35 1263 1273 1277 35 38 49 48 1277 1300 62 64 74 72 1300 1326 1328 88 91 101 100 1328 1409 1411 171 174 184 183 1411 1447 209 211 221 219 1447 85 line ht david