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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 (27706)	3/26/1999 12:04:00 AM
From: Alski	Read Replies (1) \| Respond to of 79178

Thread, Would maybe somebody here help me out by checking out ABBBY. I'm biased, 'cause on account of that's where I work (and they gave me a nice raise today too <VVBG>). Perhaps a delayed reaction to the ABB Astrom JV announcement or maybe somebody likes that Pierce guy an awful lot, but today's volume got my attention. There seems to be a MIMBO going on, tying to break out of an IHS with an uptrending neckline (actually there's bee a bunch of those, but never the volume). Those uptrending necklines are tough to get through but now there are IHS's set up in the 55 & 88 dCCI, strong MACD, stoch cross overs all over the place with the 89,3,5 stoch cross over way up at 90, and I don't know what all else. So what am I missing? I'm wondering if this might be an opportune time to invest in myself (and a few hundred thousand others)? Thanx...Alski P.S. ABB has been pretty good with major press releases lately: biz.yahoo.com biz.yahoo.com biz.yahoo.com biz.yahoo.com biz.yahoo.com biz.yahoo.com biz.yahoo.com

To: Magnatizer who wrote (27706)	3/26/1999 11:23:00 AM
From: bdog	Read Replies (2) \| Respond to of 79178

David J, "I am starting to hear the Rocky themesong now.... dant dant da da dant da da da dant da daaa dant dant dant dant da da da...." Now all that is needed is for me to go to cash...>g< I'll trade you a Red Hook for some hate on Race, it is trying ever so hard to break through, I hate it when I jump the gun, I know better... bdisqualifiedog

To: Magnatizer who wrote (27706)	3/28/1999 2:44:00 PM
From: Magnatizer	Read Replies (2) \| Respond to of 79178

Market magnets 3.29.99 notes from a trepid bull: Dow: Encouraging we touched 9905 neutral zone (theoretical data) again Friday. Mids are 2/3 down 1/3 up. Weekly downgrade to hold. Important tlines to watch this week: Set of three (9387, 9425, 9554) if weakness occurs this week look for this set of tlines to provide serious support. If they were to fail a weekly sell would likely occur. 10199 utrend is the newest mag uptrend and as a bull I would like to see this tline tested and or broken to the upside. The neutral zones have a way of being pesky in their magnetic abilities so basing out here for a while is not out of the question. I am quite neutral on the Dow after last weeks action. Nasdaq: Weekly hold. Mids: 2/3 up, 1/3 down. Double pump magnet signal given Friday which is bullish. Watch the 2444 dtrend closely as it needs to be overtaken early this week followed by a break through 2477 utrend. Key tlines 2276 utrend has been the key tline on all recent nas pullbacks. It must hold if we pullback or 2055 becomes the likely downside target. Do to the double pump action of the magnet indicators I am more bullish on the nasdaq then the other indexes. I expect it to make a run at the 2477 utrend early this week. SP500: Weekly hold. Mids: 2/3 down, 1/3 up. 1315 utrend needs to be recovered. The action last week was somewhat mixed: bullish in that the pullback stopped a few points above the 85 line showing me buyers are jumping in early. Bearish in that it pulled farther away from the 1315 (most recent mag uptrend) and did not really make an attempt to recover. SP500 has me decidedly on the fence. ;0) Nasdaq 100: weekly hold. Mids 2/3 up, 1/3 down. 2066 utrend is a result of new mag signal given Friday. It must hold as support early in the week and I expect it to do so. Again, the nasdaq is showing more bullish tendency than the Dow or SP to me. Note on R2K: nice bounce of tline which was noted last week (Tuesday I believe) and a recovery of the H&S neckline has been achieved. This indicates to me we are starting to see the small caps show some resiliency and it is likely a good time to line some up for buy and holds. Still weekly sell rating on the index so buying any small caps for holds is more toward the risk side IMO. But, tracking some and finding stocks at supports or breaking out will be my strategy for accumulation. Mond Tues Wed Thurs Fri DOW 30 Close 9822 day prior Monday Friday (if sloped) 8980 -842 8980 8980 8980 8980 9398 -424 9398 9398 9398 9398 9387 9407 -435 9392 9397 9402 9407 9425 9444 -397 9430 9435 9439 9444 9554 9579 -268 9560 9567 9573 9579 9651 -171 9651 9651 9651 9651 9905 83 9905 9905 9905 9905 10099 10135 277 10108 10117 10126 10135 10158 336 10158 10158 10158 10158 10199 10262 377 10215 10231 10246 10262 10411 589 10411 10411 10411 10411 Nasdaq Close 2421 day prior Monday Friday 1846 -575 1846 1846 1846 1846 1910 -511 1910 1910 1910 1910 1973 -448 1973 1973 1973 1973 2055 -366 2055 2055 2055 2055 2201 2210 -220 2203 2206 2208 2210 2276 2282 -145 2278 2279 2281 2282 2316 -105 2316 2316 2316 2316 2444 2431 23 2441 2438 2434 2431 2477 2510 56 2485 2494 2502 2510 2497 76 2497 2497 2497 2497 2550 2559 129 2552 2555 2557 2559 2655 234 2655 2655 2655 2655 2970 549 2970 2970 2970 2970 SP500 Close 1283 day prior Monday Friday 1116 -167 1116 1116 1116 1116 1162 -121 1162 1162 1162 1162 1192 1193 -91 1192 1193 1193 1193 1223 -60 1223 1223 1223 1223 1248 1249 -35 1248 1249 1249 1249 1268 1269 -15 1268 1269 1269 1269 1287 1290 4 1288 1289 1289 1290 1300 17 1300 1300 1300 1300 1315 1325 32 1318 1320 1323 1325 1334 1335 51 1334 1335 1335 1335 1416 1418 133 1417 1417 1418 1418 1447 164 1447 1447 1447 1447 NDX Close 2067 day prior Monday Friday 1800 -267 1800 1800 1800 1800 1888 -179 1888 1888 1888 1888 1975 -92 1975 1975 1975 1975 2030 -37 2030 2030 2030 2030 2066 2087 -1 2071 2077 2082 2087 2084 17 2084 2084 2084 2084 2177 110 2177 2177 2177 2177 ht david