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 (29049)	5/4/1999 10:02:00 PM
From: Magnatizer	Read Replies (1) \| Respond to of 79230

Market Magnets 5.5.99 notes Dow: Watching the 10600 utrend closely. As noted Monday its failure will likely be the final straw. Weekly rating downgraded to hold from buy with a close here friday. Nasdaq: 2541 utrend acted as resistance today. Weekly rating will be downgraded to hold with close here friday. It is very near total reversal to weekly sell. SP500: Lost 86 line again. Not looking real good going into Mondays crossover. Weekly hold with close here Friday. Nas 100: Weekly hold rating close here Friday. Like the composite it is very near sell signal. Got into QQQ short position today on the obvious weakness. This was earlier than I had anticipated entering but who am I to argue with the market. Mond Tues Wed Thurs Fri DOW 30 Close 10789 11015 10886 day prior Monday Friday (if sloped) 9651 -1138 -1364 -1235 9651 9651 9905 -884 -1110 -981 9905 9905 10158 -631 -857 -728 10158 10158 10326 10360 -463 -681 -543 10352 10360 10411 -378 -604 -475 10411 10411 10600 10670 -189 -398 -251 10653 10670 10679 -110 -336 -207 10679 10679 10947 158 -68 61 10947 10947 11239 450 224 353 11239 11239 Nasdaq Close 2543 2536 2485 day prior Monday Friday 2055 -488 -481 -430 2055 2055 2250 2259 -293 -284 -231 2257 2259 2311 2318 -232 -223 -171 2316 2318 2316 -227 -220 -169 2316 2316 2374 2363 -169 -165 -117 2366 2363 2454 2458 -89 -81 -29 2457 2458 2497 -46 -39 12 2497 2497 2541 2557 -2 9 64 2553 2557 2600 2609 57 66 120 2607 2609 2655 112 119 170 2655 2655 2667 2699 124 139 198 2691 2699 2812 269 276 327 2812 2812 2970 427 434 485 2970 2970 3127 584 591 642 3127 3127 3210 667 674 725 3210 3210 SP500 Close 1335 1355 1332 day prior Monday Friday 1162 -173 -193 -170 1162 1162 1201 1202 -134 -154 -131 1202 1202 1223 -112 -132 -109 1223 1223 1256 1257 -79 -99 -76 1257 1257 1275 1276 -60 -80 -57 1276 1276 1300 -35 -55 -32 1300 1300 1308 1311 -27 -46 -23 1310 1311 1341 1342 6 -14 10 1342 1342 1350 1356 15 -4 21 1355 1356 1380 1391 45 28 54 1388 1391 1428 1430 93 74 97 1430 1430 1447 112 92 115 1447 1447 1593 258 238 261 1593 1593 NDX Close 2136 2138 2098 day prior Monday Friday 1888 -248 -250 -210 1888 1888 1975 -161 -163 -123 1975 1975 2030 -106 -108 -68 2030 2030 2084 -52 -54 -14 2084 2084 2177 41 39 79 2177 2177 2204 2226 68 72 117 2221 2226 2269 133 131 171 2269 2269 2362 226 224 264 2362 2362 2454 318 316 356 2454 2454 ht david