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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 (28042)	4/5/1999 11:40:00 PM
From: Magnatizer	Read Replies (1) \| Respond to of 79183

Market magnets 4.6.99 notes Dow: watch that pesky 10135 utrend closely. Nasdaq: Man did I ever forget something in yesterdays post. The 2558 utrend is VERY KEY. Its anchors are the lows on 8.2.96 to 11.8.96 and it has been STIFF RESISTANCE since inception. Last three attempts to break it were: late Jan 97, early Oct 97, Late Jan- Early Feb 99. I don't even want to mention where the Nasdaq has retraced to after the first two failures to break free of this tline. This tline and the tline the nasdaq GAPPED today are crossing on 4.14. I can hardly wait. SP500: Trying to regain 1326 utrend. Would really like to see it happen prior to Fridays tline cross. Nas 100: ahhhhhhhhhh, I am superman... I can do anything.... Overall: I see a flat day tomorrow as the nasdaq digests 2558 tline. Good for golf and taxes Rut key is 399 tomorrow. Mond Tues Wed Thurs Fri DOW 30 Close 9833 10007 day prior Monday Friday (if sloped) 8980 -853 -1027 8980 8980 8980 9398 -435 -609 9398 9398 9398 9408 9433 -425 -593 9421 9427 9433 9444 9459 -389 -559 9452 9455 9459 9591 9611 -242 -411 9601 9606 9611 9651 -182 -356 9651 9651 9651 9905 72 -102 9905 9905 9905 10135 10173 302 138 10154 10164 10173 10158 325 151 10158 10158 10158 10264 10322 431 272 10293 10308 10322 10411 578 404 10411 10411 10411 Nasdaq Close 2493 2560 day prior Monday Friday 1846 -647 -714 1846 1846 1846 1910 -583 -650 1910 1910 1910 1973 -520 -587 1973 1973 1973 2055 -438 -505 2055 2055 2055 2210 2217 -283 -348 2214 2215 2217 2282 2288 -211 -277 2285 2287 2288 2316 -177 -244 2316 2316 2316 2431 2420 -62 -132 2426 2423 2420 2508 2538 15 -45 2523 2531 2538 2497 4 -63 2497 2497 2497 2558 2567 65 0 2563 2565 2567 2655 162 95 2655 2655 2655 2970 477 410 2970 2970 2970 SP500 Close 1294 1321 day prior Monday Friday 1116 -178 -205 1116 1116 1116 1162 -132 -159 1162 1162 1162 1193 1194 -101 -128 1194 1194 1194 1223 -71 -98 1223 1223 1223 1249 1250 -45 -72 1250 1250 1250 1269 1270 -25 -52 1270 1270 1270 1290 1293 -4 -30 1292 1292 1293 1300 6 -21 1300 1300 1300 1326 1337 32 8 1332 1334 1337 1335 1337 41 15 1336 1337 1337 1415 1417 121 95 1416 1417 1417 1447 153 126 1447 1447 1447 NDX Close 2146 2220 day prior Monday Friday 1800 -346 -420 1800 1800 1800 1888 -258 -332 1888 1888 1888 1975 -171 -245 1975 1975 1975 2030 -116 -190 2030 2030 2030 2089 2110 -57 -126 2100 2105 2110 2084 -62 -136 2084 2084 2084 2177 31 -43 2177 2177 2177 2269 224 49 2269 2269 2269 ht david