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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 (27585)	3/23/1999 11:06:00 PM
From: Magnatizer	Read Replies (1) \| Respond to of 79173

Market magnets 3.24.99 Thanks to all who responded in regards to the MG. notes Dow: All mids down. Weekly close here would give a hold rating. Looking at likely dip to set of three tlines (9366, 9398, 9534). Nasdaq: 2270 utrend was used as a springboard 1.13.99, 2.18.99 and 3.2.99. If it is tested (likely) holds til Friday weekly rating will likely still be hold. If test fails, likely get a weekly sell rating. This would be enough to get me bearish. SP500: Suddenly the 85 line (1247 utrend) is right back in the picture. If SP closes below it Friday it is possible a weekly sell signal will be given. If SP closes here Friday its a hold rating. Again, a weekly sell signal would get me bearish. Loss of 85 line would be a rather large straw... NDX: Projected target for downside 1875. This is an experimental tline. Russel 2K special report: Broke H&S neck today (Tuesday). Testing dowtrend anchored 4.22.98 to 7.17.98. Folks, lots of warning shots and the bears are getting more accurate. I am still a dip buyer if weekly holds and buys stay in place. Weekly sell signals ruin my appetite for dips... Mond Tues Wed Thurs Fri DOW 30 Close 9904 9891 9672 day prior Monday Friday (if sloped) 8980 -924 -911 -692 8980 8980 9366 9385 -538 -520 -297 9380 9385 9398 -506 -493 -274 9398 9398 9398 9426 -506 -486 -260 9419 9426 9534 9558 -370 -351 -126 9552 9558 9651 -253 -240 -21 9651 9651 9905 1 14 233 9905 9905 10062 10102 158 181 410 10092 10102 10105 10167 201 230 464 10152 10167 10158 254 267 486 10158 10158 10411 507 520 739 10411 10411 Nasdaq Close 2421 2396 2323 day prior Monday Friday 1846 -575 -550 -477 1846 1846 1910 -511 -486 -413 1910 1910 1973 -448 -423 -350 1973 1973 2055 -366 -341 -268 2055 2055 2191 2199 -230 -203 -128 2197 2199 2270 2275 -151 -125 -51 2274 2275 2316 -105 -80 -7 2316 2316 2437 2473 16 50 132 2464 2473 2497 76 101 174 2497 2497 2539 2548 118 145 221 2546 2548 2655 234 259 332 2655 2655 2970 549 574 647 2970 2970 SP500 Close 1299 1297 1262 day prior Monday Friday 1116 -183 -181 -146 1116 1116 1162 -137 -135 -100 1162 1162 1190 1191 -109 -107 -72 1191 1191 1223 -76 -74 -39 1223 1223 1247 1248 -52 -50 -15 1248 1248 1266 1267 -33 -31 5 1267 1267 1282 1286 -17 -14 22 1285 1286 1301 1312 2 7 45 1309 1312 1300 1 3 38 1300 1300 1332 1333 33 35 71 1333 1333 1411 1413 112 115 150 1413 1413 1447 148 150 185 1447 1447 NDX Close 2054 2027 1961 day prior Monday Friday 1800 -254 -227 -161 1800 1800 1888 -166 -139 -73 1888 1888 1975 -79 -52 14 1975 1975 2030 -24 3 69 2030 2030 2084 30 57 123 2084 2084 2177 123 150 216 2177 2177 ht david