Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Magnatizer who wrote (26988)	3/3/1999 10:00:00 PM
From: XOsDaWAY2GO	Read Replies (1) \| Respond to of 79183

>>>I will simply hedge my longs with shorts.<<< David, do you use MDY, SPY, & DIA instead of stocks when you short? i.e., if I have a core position in, say, SUNW, I would short one of the three rather than SUNW? Thanks

To: Magnatizer who wrote (26988)	3/4/1999 9:35:00 PM
From: Magnatizer	Read Replies (2) \| Respond to of 79183

Market magnets 3.5.99 notes Dow 30: encouraged by todays action. Returned to the set of three and 2/3rds of the mid term indicators I use turned up today. Still focusing on the 85 line in the SP but Dow in the set of three (9285, 9319 and 9452 utrends) is a good sign. Nasdaq: BOING!!!!!!!!!!!! right off the 2247 utrend today. A very encouraging sign but mid term techs still flat to down. Again, focus is on 85 line in the SP500 SP500: regained its hold of the 85 line today. Mid term techs similar to dow in that 2/3rds turned up on todays action. Would really like to see 85 line hold as support for a minimum of 4 days here. I am still cautious of this market Mond Tues Wed Thurs Fri DOW 30 Close 9307 9325 9298 9276 9467 day prior Monday Friday (if sloped) 8561 -746 -764 -737 -715 -906 8980 -327 -345 -318 -296 -487 9285 9307 -22 -35 -2 26 -160 9319 9340 12 -1 32 59 -127 9398 91 73 100 122 -69 9452 9475 145 133 166 193 8 9853 9914 546 543 586 623 447 9923 9959 616 607 643 674 492 9651 344 326 353 375 184 9905 598 580 607 629 438 10158 851 833 860 882 691 Nasdaq Close 2288 2295 2259 2265 2293 day prior Monday Friday 1846 -442 -449 -413 -419 -447 1910 -378 -385 -349 -355 -383 1973 -315 -322 -286 -292 -320 2055 -233 -240 -204 -210 -238 2161 2168 -127 -132 -95 -99 -125 2247 2253 -41 -47 -9 -14 -40 2316 28 21 57 51 23 2497 209 202 238 232 204 2507 2515 219 214 252 248 222 2655 367 360 396 390 362 2970 682 675 711 705 677 SP500 Close 1238 1236 1226 1228 1247 day prior Monday Friday 1116 -122 -120 -110 -112 -131 1162 -76 -74 -64 -66 -85 1185 1186 -53 -51 -41 -42 -61 1223 -15 -13 -3 -5 -24 1242 1243 4 6 17 15 -4 1262 1263 24 26 37 35 16 1273 1277 35 38 49 48 30 1300 62 64 74 72 53 1326 1328 88 91 101 100 81 1409 1411 171 174 184 183 164 1447 209 211 221 219 200 most significant trendlines ht david