Sunday, October 24, 1999

05:20 AM

The Sensational Stock and Bond Markets

Dec. SP 500

On the DownSide Nearby Support is at 1307 and 1304.60 to 1304 Under that support buyers should appear near 1300.90. Below that support should appear near 1297.20 to 1`294.80. Below that buyers should surface near 1289 and 1284.80.
Traders can buy at 1284.80 and hold for higher prices.. Under that support should

appear near 1270.10 and the 1274 to 1271 region. And 1268 to 1264 then 1253 which should stop a decline.

Nearby Resistance is at 1310 and 1316.70 above that sellers should appear near 1219.60 and 1322 then 1324.70 where good sellers should appear However a close over 1322 is friendly and augurs for a test of 1334 and the 1340 to 1346 region Above that 1350.70 offers resistance .. a close over 1346 is friendly and indicates a trade towards resistance at 1361.50 is not out of the question .. if it holds... A close over 1361.50 augurs for an eventual 'touch' of the 1377 to 1383 region..

Resistance should appear near 10,545.5 and 10,58o to 10,630... A close over 10,580 is friendly and augurs for a test of 10,680 to 10,717. A close over 10,680 is friendly and augurs for a test of 10,805 to 10,820 .. Beyond that resistance is at 10,920 and 10,960..

Support should appear near 2797 and the 2775 to 2758 and 2741 Below that support should surface near the 2724 to 2727 region Under that 2693 should contain a decline today..

On The DownSide nearby support is at support is at 110-29 to 110-26 and 110-23.

Below that support is at 110-10 and 109-29 Where Traders can buy at 109-29 for a bounce , risk a close under 109-10 for two days in a row. Below that support is at 1208-27 and 108-17. Which should contain the decline for a bit..

On the Upside Nearby Resistance is at 111-05 to 111-08 , a close over 111-08 is friendly and augurs for a test of 111-27 beyond that sellers should appear near
111-29. Above that resistance is at 112-21 to 112-28 and 113-17.

Traders should go long if a close over 111-08 occurs...

Trade accordingly...

Nearby Support should appear near 9502, BW Traders can buy at 9502 and hold for higher prices... under that support should appear near 9483 and the 9446 to 9429

region. Traders can buy at 9446 and risk a close under 9383 for three days in a row. Under that support should appear near 9415 to 9408 and 9383, under that support is near the 9347 to 9316 region where buyers should appear and stop a decline...

Below that support is at 9231 and the 9156 to 9140 region.

Nearby Resistance is at 9526 to 9542.A close over 9542 is friendly ands augurs for a test of 9602 Beyond that resistance is at 9625 to 9641 a close over 9641 is friendly and indicates at test of the 9707 to 9737 region and beyond towards 9921 to 9937.

Traders should go long is a close over 9526 occurs. ....Stay Tuned for Flashes

Support is at support is at 6702 and 6676 then 6659, a close under 6670 augurs for a test of 6626. Under that support is at 6626 and 6591 to 6577, Traders can buy at 6591 for a bounce, risk 50 pts. Under that 6509 to 6482 offers support. A close under 6482 is negative and augurs for a test of 6430 to 6417.

Nearby Resistance is at 6707 then 6727 aggressive Traders can sell at 6726 and risk a close over 6741 for three days in a row. Beyond that sellers should appear near 6748 to 6755 and 6782 Traders can sell at 6782 and hold for lower prices. Above that sellers should appear near 6809 to 6836 and 6871 beyond that 6906 to 6919 should cap a rally..

Traders Should go short if a close under 6670 occurs.

Stay tuned for Flashes...

Support should appear near 1.6550, a close under 1.6550 augurs for a test of 1.6486 then 1.6420. Below that support is at 1.6334 then 1.6286. a close under 1.6284 is negative and indicates a test of 1.6206 and the 1.6150 and 1.6090 region. Traders should go short if a close under 1.6550 occurs..

Resistance is at 1.6550 and 1.6720 Traders can sell at 1.6720 and risk a close over 1.6770 for two days in a row. , above that resistance is at 1.6812 and the 1.6890 to 1.6960 region. Beyond that resistance is at 1.7130 traders can sell at 1.7130 and risk a close over 1.7310 for two days in a row.

Nearby Support should appear near the 6755 to 6741 region. Traders can buy at 6748 and risk a close under 6741 for three days in a row. Under that support is at 6727 and 6707. Below that buyers should appear near 6673 to 6659 and 6626.

Resistance is at 6782 to 6788 and 6809. Beyond that sellers should appear near 6836. Above that resistance should appear near 6871 and 6906 to 6919, Traders can sell at 6906 for a turn lower and risk a close over 6916. Beyond that resistance is near the 6990 to 7003 region.

Nearby Support is at 302.2 and 298.9 to 297. Below that buyers should appear near 292. Aggressive traders can buy at 292 and hold for higher prices. Below that

289 to 286 should contain a decline.

Resistance is at 303.6 to 304.5 and 306,7 a close over 306.7 is friendly and augurs for a test of 309.2 to 312.5 beyond that sellers should appear near 318.9 to 322 and 331 to 332..

Traders should go long if a close over 306.7 occurs.

Nearby Support is at 8135 to 8115 .. Traders can buy at 8135 and risk a close under 8025 for two days in a row. Under that support is at 8020 and the 7955 to 7930 region, which should contain a decline for a bit. Under that buyers should appear near 7865 to 7830 where Traders can buy at 7865 and hold for higher prices...below that 7775 to 7760 offers support.

Nearby Resistance is at 8195 to 8220, a close over 8220 is friendly and augurs for an n eventual test of the 8395 to 8420 region .. Beyond that resistance should appear near the 88485 to 8505 and 8620.

Traders should go long if a close over 8195 occurs

On the DownSide nearby support should appear near 522 and the 515.5 to 512.5
region. Below that Traders can buy at 507.5 and risk a close under 497 for three days in a row. Under that buyers should appear near the 493 to 491 region.

On the Upside. Nearby resistance is at 528 and 534 to 538 A close over 538 is friendly and indicates a test of 551 and eventually 557 to 561 if it holds.

Traders should go long if a close over 538 occurs.

Stay tuned for Flashes...

Resistance is at 2354 and 2378. A close over 2378 is friendly an augurs for a test of 2411 to 2419.. Traders can sell at 2419 for a turn lower and risk a close over 2423 for tow days in a row . Above that sellers should appear near the 2461 to 2468 region.

Beyond that resistance is at 2511 to 2519 and 2552 to 2568...

Nearby Support is at 2322 and 2308, traders can buy at 2323 and hold for higher prices... Below that support is at 2275 to 2267 and 2226 to 2219 then 2185 to 2170

Aggressive Traders can buy at 2223 for a good bounce, risk a close under 2165.

Below that support is at 2146 to 2126 and the 2088 to 2080 region.

Trade accordingly.

Resistance should appear at 6485 to 6505 and 6590 to 6610 , Traders can sell at 6590 for a turn lower , risk a close over 6675 for tow days in a row. Beyond that sellers should appear near 6659 to 6673 and 6710 then 6741 to 6755.. A close over 6755 is friendly and augurs for a test of 6809 to 6836. Beyond that resistance should appear near 6906 to 6919. Beyond that resistance is near the 7074 to 7088 region ... aggressive Traders can sell at 7074 and hold for lower prices..

Nearby Support is at 6430 to 6418.. Traders can buy an early dip to 6430 and risk a close under 6335 Below that support is at 6300 and 6270 to 6257 and the 6190 to 6165 region. Traders can buy at 6190 for a good bounce, risk a close under 6165 for two days in a row. Under that support should appear near 6115 to 6101. Below that buyers should appear near the 6035 to 6023 region. Under that 5957 to 5945 should stop a decline for a bit.. Traders can buy at 5957 for bounce and hold for higher prices.

Resistance is at 6165 to 6190 and 62576 to 6270 then 6305. Beyond that resistance is Traders can sell at 6305 for a quick turn lower and risk a close over 6355 for two days in a row. Beyond that resistance is at 6430.. A close over 6430 is friendly and augurs for an eventual test of the 65005 and the 6577 to 6591 region. Traders can sell at 6577 and risk a close over 6591 for two days in a row.

Nearby Support is at 6113 to 6101, Traders can buy at 6113 and risk 100 pts. Below that support is at 6035 to 6023 Under that buyers should appear near 5957 to 5945 and the 5880 to 5855 region. Below that buyers should appear near the 5805 to 5792 region and contain a decline..

Trade Accordingly. and Stay tuned for Flashes

Support is at 470 1/4 to 469 1/2 under that buyers should appear near 465 to 463 1/2 then 458 to 456. Traders can buy at 458 1/4 and risk a close under 456 for two days in a row, below that support should appear near 445.

Nearby Resistance is at 473 1/4 and 476, a close over 476 is friendly and augurs for a test of the 484 1/2 to 485 1/2 Beyond that resistance is at 491 3/4 to 492 3/4.

A close over 492 3/4 is friendly and indicates a test of 498 to 501 and eventually

515 1/2 to 519.

Traders should go long if a close over 476 occurs.

Support is at 482 1/4 and 481 2 under that buyers should appear near 477 to 475 1/2 then 470 to 468. Traders can buy at 470 1/4 and risk a close under 468 for two days in a row, below that support should appear near 457.

Nearby Resistance is at 485 1/4 and 488, a close over 488 is friendly and augurs for a test of the 496 1/2 to 497 1/2 Beyond that resistance is at 503 3/4 to 504 3/4.

A close over 504 3/4 is friendly and indicates a test of 510 to 513 and eventually

527 1/2 to 531.

Traders should go long if a close over 488 occurs.

Support is near the 145.9 to 145.3 region and should contain the decline for a bit. Traders can buy at 145.9 and risk a close under 145.3 for three days in a row.

Below that support is at 144.6 and .143.8 and 142. Then 140.0 Below that 138.3 to 137.7 should hold

Resistance is at 148.4 to 149.6 and 152.8 to 153.5 A close over 153.5 is friendly and augurs for a test of 156.9 to 157.6 Beyond that a test of 160.9 to 161. 5 is likely.

Beyond that resistance is at 164.2 to 165.5,

Traders should go long id a close over 153.5 occurs.

Resistance is at 1624 and the 1642 to 1655 region. A close over 1655 is friendly and indicates a trade towards the 1689 to 1696 region. Beyond that resistance is at 1716 and 1731 to 1738. Traders can sell at 17312 and risk a close over 1738 for three days in a row.

Resistance is at 259 3/4 A close over 259 3/4 is friendly and indicates a test of 264 3/4 to 265 3/4. Beyond that resistance is at 271 3/4 Above that Sellers should appear near 276 3/4 to 277 3/4.

Support is at 255 3/4 and 253 3/4 to 252 3/4 . .Below that support is at 247 3/4 and 241.

Traders should go long if a close over 259 3/4 occurs

Resistance is at 200 1/2 to 201, a close over 200 1/2 is friendly and augurs for a test of 204 to 206 Beyond that sellers should appear near 208 3/4 and 211.

Support is at 196 3/4 and 194 1/4 then 190 3/4 to 190 1/4. Below that 187 should contain the decline for a bit. Trade Accordingly and stay tuned for flashes

On the DownSide support is at 5282 to 5259 Under that buyers should

appear near 5211 to 5200 and the 5139 to 5127 region. Traders can buy at 5211 and risk a close under 5127 for three days in a row. Below that support is at 5102 and the 5067 to 5036 region.

Resistance is at 5356 and 5395..A close over 5356 is friendly and augurs for another test of 5430 then 5460. Beyond that resistance is at 5492 to 5504, a close over 5504 is friendly and augurs for a trade towards the 5555 to 5577 region. Beyond that sellers should appear near 5640 to 5653.

Traders should go long if a close over 5356 occurs.

Resistance is at 695 and the 704 to 712 region. Beyond that sellers should appear near 735 to 738 and 763 to 767. Traders can sell at 763 for a turn lower and risk a close over 767 for three days in a row

Traders should go long if a close over 695 occurs.

On the DownSide, support is at 9220, traders can buy at 9220 and hold for higher prices... Under that support is at 9160 to 9140 and 9060 to 9040 . Below that support is at 8970 to 8920 aggressive traders can buy at 8920 and risk a close under 8680 for two days in a row. Below that buyers should appear near 8590 to 8560 and the 8500 to 8480 region. Which should hold and contain the decline for the near term.

On the Upside, Resistance is at 9315 to 9345 a close over 9345 is friendly and indicates a test of 9420 to 9445 and 9470. Beyond that sellers should appear near 9525 to 9545. A close over 9545 is friendly and indicates a test of 9720 beyond that resistance is at 9920 to 9935 and 9960 then 100.100.50 a close over 100.50 augurs for a test of 101.85 and the 103.20 to 103.60 region. Beyond that a touch of the 105.80 to 106.80 should not be ruled out if an advance occurs...

Traders should go long if a close over 9345 occurs

Resistance is at 907 to 912. A close over 912 is friendly and augurs for a test of 932 to 941 an extended trade or close over 941 indicates a test of the 968 to 972 region.

Beyond that good sellers should appear near 986 to 989 . Above that resistance is at 1000 to 1005 and 1018..

Support is at 882 to 887 and 860 under that 852 to 847 should stop the decline for a bit.. Below that buyers should appear near 823 to 814.. Traders can buy at 824 and risk a close under 814 for three days in a row.

Stay Tuned for Flashes.

Support is at 6912. Below that support is at 6877 to 6852.. then 6837 A close under 6837 is negative and augurs for a test of the 6807, a close under 6807 is negative and augurs for a decline to the 6755 to 6742 region where Traders can buy at 6742 and risk a close under 6707 for three days in a row. Below that support is at 6727 and 6707.
Under that buyers should appear near 6672 to 6657

Support should appear near 4907 to 4872, Traders can buy at 4907 for a turn higher risk a close under support at 4837 for two days in a row . Below that support is at 4787 to 4777 and 4737.. Below that 4717 to 4697 should contain a decline for a bit.. Under that support is at 4652 to 4637 then 4582 to 4572..

Stay Tuned for Flashes..

Resistance should appear near 4937 and the 4972 to 4997 region . Above that

Resistance is at 5012 then 5037 and 5067. Beyond that sellers should appear near 5127 and 5167 then 5200 to 5212.. Traders can sell at 5167 and risk a close over 5212 for three days in a row.

Stay Tuned for Flashes . Our Season for trading Bellies begins soon.