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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 (28137)	4/6/1999 10:30:00 PM
From: Magnatizer	Respond to of 79192

Milesov +25 4.7.99 techstocks.com ht david

To: Magnatizer who wrote (28137)	4/7/1999 9:45:00 PM
From: Magnatizer	Read Replies (1) \| Respond to of 79192

Market magnets 3.8.99 notes Dow: 10135 utrend held as resistance again today. However, it is very encouraging to see the Dow continue to test this tline. Weekly buy is looking better here. I would say it will not be long till the Dow breaks through that key tline and goes for the test of the 10264 utrend. Nasdaq: Tested 2431 key utrend, it held fine. 2470 utrend still resistance. Expect it to be tested again tomorrow, test possibly will last for over one week as this is one key tline. Has the tline cross next Wed so sideways til the cross is a likely scenario. SP500: Moving up slowly into Fridays crossover at 1337. Was unable to get over the key 1326 utrend today. Again, I would like to see the SP500 breach that threshold prior to Friday. Short term indicators are set up for a parabolic move. Mond Tues Wed Thurs Fri DOW 30 Close 9833 10007 9963 10085 day prior Monday Friday (if sloped) 8980 -853 -1027 -983 -1105 8980 9398 -435 -609 -565 -687 9398 9408 9433 -425 -593 -543 -658 9433 9444 9459 -389 -559 -512 -630 9459 9591 9611 -242 -411 -362 -479 9611 9651 -182 -356 -312 -434 9651 9905 72 -102 -58 -180 9905 10135 10173 302 138 191 79 10173 10158 325 151 195 73 10158 10264 10322 431 272 330 223 10322 10411 578 404 448 326 10411 Nasdaq Close 2493 2560 2563 2544 day prior Monday Friday 1846 -647 -714 -717 -698 1846 1910 -583 -650 -653 -634 1910 1973 -520 -587 -590 -571 1973 2055 -438 -505 -508 -489 2055 2210 2217 -283 -348 -350 -329 2217 2282 2288 -211 -277 -278 -258 2288 2316 -177 -244 -247 -228 2316 2431 2420 -62 -132 -138 -121 2420 2497 4 -63 -66 -47 2497 2508 2538 15 -45 -40 -14 2538 2558 2567 65 0 -1 21 2567 2655 162 95 92 111 2655 2970 477 410 407 426 2970 SP500 Close 1294 1321 1318 1327 day prior Monday Friday 1116 -178 -205 -202 -211 1116 1162 -132 -159 -156 -165 1162 1193 1194 -101 -128 -125 -133 1194 1223 -71 -98 -95 -104 1223 1249 1250 -45 -72 -69 -77 1250 1269 1270 -25 -52 -49 -57 1270 1290 1293 -4 -30 -27 -35 1293 1300 6 -21 -18 -27 1300 1326 1337 32 8 14 7 1337 1335 1337 41 15 18 10 1337 1415 1417 121 95 98 90 1417 1447 153 126 129 120 1447 NDX Close 2146 2220 2219 2192 day prior Monday Friday 1800 -346 -420 -419 -392 1800 1888 -258 -332 -331 -304 1888 1975 -171 -245 -244 -217 1975 2030 -116 -190 -189 -162 2030 2089 2110 -57 -126 -120 -87 2110 2084 -62 -136 -135 -108 2084 2177 31 -43 -42 -15 2177 2269 224 49 50 77 2269 ht david