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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 (29893)	5/27/1999 12:07:00 AM
From: Magnatizer	Read Replies (1) \| Respond to of 79237

Market magnets 5.27.99 notes Dow: Attempt to regain 10852 utrend in process. Likely to fail. Weekly hold with close here Friday. Nasdaq: 2332 utrend was bottom (+/-4 points) today. It is a very important tline as it marked the bottoms in Feb and March of this year. Weekly close here is a sell signal. SP500: I see an attempt to recover 1322 utrend coming (similar to dow this attempt is likely to fail). Close here Friday is a weekly sell. Nas 100: 1975 strong mag held again. This is third bounce off this key level. Triple bottom type stuff. If it does give way shorts in large techs will be mighty profitable, IMO. Weekly sell with close here friday. Mond Tues Wed Thurs Fri DOW 30 Close 10829 10655 10531 10702 day prior Monday Friday (if sloped) 9651 -1178 -1004 -880 -1051 9651 9769 9794 -1060 -880 -750 -914 9794 Top of Set of Three 9905 -924 -750 -626 -797 9905 10158 -671 -497 -373 -544 10158 10411 -418 -244 -120 -291 10411 10449 10482 -380 -198 -66 -228 10482 Not Mag but very key 10679 -150 24 148 -23 10679 10852 10916 23 213 353 198 10916 Newest mag tline 10947 118 292 416 245 10947 11239 410 584 708 537 11239 Nasdaq Close 2520 2454 2381 2427 Next mag tline cross: day prior 6.7.99 Monday Friday 2055 -465 -399 -326 -372 2055 Strong 2283 2290 -237 -169 -95 -139 2290 2316 -204 -138 -65 -111 2316 2331 2320 -189 -126 -56 -104 2320 2332 2338 -188 -121 -46 -91 2338 12.23.94 to 10.20.95 2468 2471 -52 15 89 43 2471 2497 -23 43 116 70 2497 2599 2611 79 148 224 181 2611 1.14.99 to 3.16.99 2635 2644 115 183 259 215 2644 8.2.96 to 11.8.96 2655 135 201 274 228 2655 2782 2818 262 337 419 382 2818 2812 292 358 431 385 2812 2970 450 516 589 543 2970 3127 607 673 746 700 3127 3210 690 756 829 783 3210 SP500 Close 1330 1307 1284 1305 Next mag tline cross: day prior 5.31.99 Monday Friday 1162 -168 -145 -122 -143 1162 1206 1207 -124 -101 -78 -98 1207 1223 -107 -84 -61 -82 1223 1261 1262 -69 -46 -23 -43 1262 85 Line 1280 1281 -50 -27 -4 -24 1281 1300 -30 -7 16 -5 1300 1322 1325 -8 16 40 19 1325 9.18.97 to 6.24.98 1340 1342 10 34 57 37 1342 New Mag Tline cross 1347 1349 17 41 64 44 1349 86 Line 1374 1381 44 69 94 74 1381 1424 1434 94 120 145 127 1434 1434 1436 104 128 151 131 1436 1447 117 140 163 142 1447 1593 263 286 309 288 1593 NDX Close 2114 2061 1999 2053 day prior Monday Friday 1888 -226 -173 -111 -165 1888 1975 -139 -86 -24 -78 1975 Strong 2030 -84 -31 31 -23 2030 2084 -30 23 85 31 2084 2177 63 116 178 124 2177 2269 155 208 270 216 2269 2288 2312 174 233 301 253 2312 2362 248 301 363 309 2362 2454 340 393 455 401 2454 ht david