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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 (29100)	5/5/1999 8:25:00 PM
From: Magnatizer	Read Replies (2) \| Respond to of 79230

Market Magnets 5.6.99 notes Dow: Nice reversal today. Close here Friday is still a downgrade to weekly hold. Nasdaq: Weekly close here Friday is downgrade to hold. SP500: Regained 86 line. If it can hold tomorrow we are likely to see up through Mondays tline cross. A run at 1380 utrend is in the cards. Close here friday is a weekly downgrade to hold. Nas 100: Once again looks to want to challenge 2204 utrend. Close here friday is weekly hold rating. Covered QQQ short and went long it today. Nice intraday double bottoms on many key indexes. Looks good for a strong open tomorrow Mond Tues Wed Thurs Fri DOW 30 Close 10789 11015 10886 10955 day prior Monday Friday (if sloped) 9651 -1138 -1364 -1235 -1304 9651 9905 -884 -1110 -981 -1050 9905 10158 -631 -857 -728 -797 10158 10326 10360 -463 -681 -543 -604 10360 10411 -378 -604 -475 -544 10411 10600 10670 -189 -398 -251 -303 10670 10679 -110 -336 -207 -276 10679 10947 158 -68 61 -8 10947 11239 450 224 353 284 11239 Nasdaq Close 2543 2536 2485 2534 day prior Monday Friday 2055 -488 -481 -430 -479 2055 2250 2259 -293 -284 -231 -277 2259 2311 2318 -232 -223 -171 -218 2318 2316 -227 -220 -169 -218 2316 2374 2363 -169 -165 -117 -168 2363 2454 2458 -89 -81 -29 -77 2458 2497 -46 -39 12 -37 2497 2541 2557 -2 9 64 19 2557 2600 2609 57 66 120 73 2609 2655 112 119 170 121 2655 2667 2699 124 139 198 157 2699 2812 269 276 327 278 2812 2970 427 434 485 436 2970 3127 584 591 642 593 3127 3210 667 674 725 676 3210 SP500 Close 1335 1355 1332 1347 day prior Monday Friday 1162 -173 -193 -170 -185 1162 1201 1202 -134 -154 -131 -145 1202 1223 -112 -132 -109 -124 1223 1256 1257 -79 -99 -76 -90 1257 1275 1276 -60 -80 -57 -71 1276 1300 -35 -55 -32 -47 1300 1308 1311 -27 -46 -23 -37 1311 1341 1342 6 -14 10 -5 1342 1350 1356 15 -4 21 8 1356 1380 1391 45 28 54 41 1391 1428 1430 93 74 97 83 1430 1447 112 92 115 100 1447 1593 258 238 261 246 1593 NDX Close 2136 2138 2098 2156 day prior Monday Friday 1888 -248 -250 -210 -268 1888 1975 -161 -163 -123 -181 1975 2030 -106 -108 -68 -126 2030 2084 -52 -54 -14 -72 2084 2177 41 39 79 21 2177 2204 2226 68 72 117 65 2226 2269 133 131 171 113 2269 2362 226 224 264 206 2362 2454 318 316 356 298 2454 ht david