The 56 Point TA; Charts With an Attitude

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Strategies & Market Trends The 56 Point TA; Charts With an Attitude

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To: Magnatizer who wrote (69264)	11/26/2022 11:18:00 AM
From: Magnatizer	of 75394

Weekly update DJI Sniffed the upper bounds of the key red uptrend channel. From last week "The red one is significant. it is associated with the red uptrend below. When they crossed in May 2015 it set a top that lasted into Nov 16. They have since been a centerpoint to the move up from 2017 on. Pulling away from this magnetic area will be the move that sends DJI into the stratosphere as it chases uptrends that look untouchable today" SPX moved through big blue Still working a recently formed trendline. RUT Failed to get back to the overhead horizontal but maintained itself above the key thick red uptrend. Best bul/bear battle on the boards currently. On Friday, I did take more TNA long position off the board. Down to 25% long the index ETF port. SOX Still working the top of the horizontal ME Bulls not giving any ground back in a 3 bar rest period. I'll be looking to get long ME via a leveraged ETF. MEXX the most likely vessel. DJT

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To: Magnatizer who wrote (69263)	11/26/2022 11:36:00 AM
From: Magnatizer	of 75394

Daily DJI Sniffed 34400, I took all my UDOW off the board. Expecting the new moon, August highs and this bunch of trendlines/horizontal area to give the bears a much needed win. Expect the dip to be minimal with boys reloading in the 33ks, then move to take out this overhead. Gaps over the overhead green horizontals would force me to chase SPX Yawn NDQ Still yawning RUT similar to the weekly, the RUT is in trench warfare here. Both bulls and bears defending key areas. Bears have the best win with the defense of the overhead horizontal channel but the bulls bounced right back defending a return to the downtrend channel. Nice coil SOX Bulls won the horizontal retest then failed to put the bears away in a light trading week. SOXL still my largest position in the ETF portfolio but Friday was a dud, bulls need to regain momentum quick or we'll be filling up gaps soon ME The daily here slows my roll on the weekly read. Not nearly as impressive as it's lost the uptrends and failed to breakout of the cross bar horizontal channel. With another cross hitting Dec 5 I think I'll hang tight DJT

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To: Magnatizer who wrote (69238)	11/26/2022 11:52:23 AM
From: Magnatizer	of 75394

Monthly Last bar still forming

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To: Doug R who wrote (69323)	11/27/2022 8:30:05 PM
From: Doug R	of 75394

I wonder if 4005 will hold overnight.

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To: Doug R who wrote (69328)	11/28/2022 10:47:54 AM
From: Doug R	of 75394



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To: Doug R who wrote (69329)	11/28/2022 12:04:05 PM
From: Doug R	of 75394

Yikes

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From: Woody	11/28/2022 4:31:06 PM
	of 75394

Scan hits for Monday's close, LCA, MANU, PICC, PRBM and RCLF. 8 day scan, MANU.

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To: Magnatizer who wrote (69326)	11/29/2022 9:20:10 AM
From: Magnatizer	of 75394

Daily Many sniffs of support and one gap over and fail (NDQ).

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