Sunday, Nov 07, 1999

07:30 AM

" The first rule is not to lose. The second rule is not to forget the first rule." - Warren Buffet-

The Sensational Stock and Bond Markets

Dec. SP 500

On the DownSide Nearby Support is at 1383 to 1382.10 and the 1380 to 1378.10/ 1377 region. Aggressive Traders can buy at 1378.10 for a bounce , put your own risk on it and stay tuned... Under that support buyers should appear near 1370.60. Below that

support should appear near 1263 and 1357.90 then 1350 to 1346 and the 1340 to 1334 region which should stop a decline for a bit. Failure of 1334 basis the close would

indicate a test of 1322 and eventually the 1310 to 1304 /1302.5 region. Traders can buy at 1304 for a turn higher and hold for higher prices.

Nearby Resistance is at 1389.70 and 1395.90. Beyond that a test of 1398.60 to 1399 is likely.. An extended trade over 1399 is friendly and augurs for a test of 1411.80 and the 1415 to 1418 region and above that good sellers should appear near 1421... Traders can sell at 1422 and hold for lower prices. Beyond that resistance is at 1437 and the 1453 to 1459 region. Traders can sell at 1453 and risk a close over 1459 for three days

in a row.

Resistance should appear near 10,805 to 10,820 A close over 10,820 is friendly and augurs for a test of 10,931 and eventually the 10,960 to 11,010 region. Beyond that sellers should appear near 11,155 and 11,191

Support 3102 to 3092 and 3068. Bwelow that the 3045 to 3036 region offers support..

a slip under 3036 augurs for a test of 3014 and the 2990 to 2972 region. Under that 2937 to 2928 should contain a decline over the near term

On The DownSide nearby support is at support is at 114-18. Aggressive Traders can buy at 114-18 and risk a close under 114-01 for two days in a row. Stay tuned ..Under that support is at 113-23 and 113-17 Where Traders can buy at 113-24 for a bounce and risk 20 pts. Below that support is at 112-24 and 111-27. Which should contain a decline.

On the Upside Nearby Resistance is at 114-23 to 114-26 then 115- 06 a close over 114-26 is friendly and augurs for an eventual test of 115-23 to 116-04 beyond that sellers should appear near 116-23. Traders can sell at 116-23 for a turn lower and risk 20 pts. Above that resistance is at 117-23 to 117-27.

Trade accordingly...

Nearby Support should appear at 9470 to 9465 and near the 9445 to 9429 region.

Under that support should appear near 9415 and 9392 to 9383, under that support is near the 9347 to 9316 region where buyers should appear and stop a decline. Below that good buyers should appear near 9262. Traders can buy at 9262 for a good turn higher risk a close under 9231 for tow days in a row. Below that support is at 9175 and 9156 to 9140 then 9112.

Nearby Resistance is at 9485 and the 9526 to 9542 region.. A close over 9542 is friendly and augurs for a test of 9570 to 9583 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 9542 occurs. ....Stay Tuned for Flashes

Support is at support is at 6483 and 6460 to 6456 Under that support is at 6430 to 6417 then 6385 to 6583.. Traders can buy at 6385 and risk a close under 6337 for three days in a row. Below that 6350 to 6337 should hold , under that support is at 6302.

Nearby Resistance is at 6489 and 6509 to 6514 .. a close over 6509 is friendly and augurs for an eventual test of the 6577 to 6591 region.. Aggressive Traders can sell at 6583 and risk a close over 6591 for three days in a row. Beyond that sellers should

appear near 6659 to 6673 Traders can sell at 6673 and hold for lower prices. Above that sellers should appear near 6707 and 6722 then 6741 to 6755.

Traders Should go long if a close over 6509 occurs.

Stay tuned for Flashes...

Support should appear near 1.6150 and 1.6120 to 1.6090 . Where Traders can buy at 1.6120 and risk a close under 1.6090 for three days in a row. Under that buyers should appear near 1.6062 and the 1.5990 region. Under that support at 1.5926 should bring out buyers.. Below that 1.5760 to 1.5690 should hold...

Resistance is at 1.6220 and 1.6264 to 1.6286, Traders can sell at 1.6268 and risk a close over risk a close over 1.6286 for two days in a row. Above that resistance is at 1.6336 then 1.6382 and the 1.6420 region. Traders can sell at 1.6420 and hold for lower prices.. Beyond that resistance is at 1.6486 and 1.6550.

Nearby Support is a 6822 and 6809. An extended trade under 6809 is negative and augurs for a test of 6782 to 6773 and eventually the 6755 to 6741 region. Under that support is at 6729 and 6707. Below that buyers should appear near 6673 to 6659 and 6626.

Resistance is at 6836 and 6872 to 6882. Above that sellers should appear near the 6906 to 6919 region ...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.

Traders should go short if a close under 6809 occurs.

Nearby Support is at 289 and the 288.3 to 287.4 region. Traders can buy at 287.4 and risk a close under 282 for three days in a row. Below that support is at 285.1 to 284.5 and 282.9 to 282.0 Under that 279.5 to 277 should contain the decline..

Resistance is at 291.7 and 292.8 to 293.7. A close over 293.7 is friendly and augurs for a test of 297 to 299 and 301.1 beyond that sellers should appear near 303.6 to 304.5 and the 306.7 to 307.9 region Beyond that a test of the 309.2 to 310.2 region is likely.

Traders should go long if a close over 293.7 occurs.

Nearby Support is at 7955 to 7930. Under that buyers should appear near 7905 to 7890 region where Traders can buy at 7905 and hold for higher prices...below that 7865 to 7835 offer's support. Below that support is at 7775 to 7760 under that 7690 to 7675

should Traders can buy at 7690 and risk a close under 7580 for three days in a row.

Nearby Resistance is at 8030 to 8045 and 8085 then 8115 to 8135... A close over 8135 is friendly and augurs for an eventual test of the 8195 to 8225 region and most likely 8300 to 8315 Beyond that resistance should appear near 8355 and the

8485 to 8505 region.

Traders should go long if a close over 8135 occurs

On the DownSide nearby support should appear near 506.5 to 503.5 Traders can buy at 505 and risk a close under 499.5 for three days in a row. Under that buyers should appear near 497 and the 493 to 491 region.

On the Upside. Nearby resistance is at 512.5 to 514.5. A close over 514.5 is friendly and indicates a test of 521 to 525 and eventually 536 to 541 if it holds.

Traders should go long if a close over 514.5 occurs.

Stay tuned for Flashes...

Resistance is at 2315 to 2322 then 2338. Beyond that a test of 2354 to 2370 and 2383 is likely .. A close over 2370 is friendly and augurs for a test of 2411 to 2419. Beyond that sellers should appear near 2461 to 2469 Traders can sell at 2461 for a turn lower and risk a close over 2469 for two days in a row . Above that sellers should appear near 2511 to 2519 and the 2552 to 2568 region. .

Nearby Support is at 2290 and 2275 to 2267 under that support is at 2226 to 2219 and 2193 and the 2185 to 2170 region. Below that support is at 2146 to 2126 and the 2088 to 2080 region. Traders can buy at 2088 and hold for higher prices...

Trade accordingly.

Resistance should appear at 6465 then 6485 to 6505. Beyond that sellers should appear near 6570 to 6590 . A close over 6570 is friendly and augurs for a test of 6655 to 6670 and eventually the 6740 to 6755 region . Beyond that resistance should appear near 6785 aggressive Traders can sell at 6785 for a turn lower and hold for

lower prices. Above that resistance is 6809 to 6836 and the 6906 to 6916 region.

Nearby Support is at 6430 to 6418. Below that support is at 6300 and 6270 to 6257 and the 6190 to 6165 region. Traders can buy at 6175 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.

Traders should go long of a close over 6570 occurs.

Resistance is at 6101 to 6113 and 6165 to 6190.. a close over 6190 is friendly and augurs for a test of 6257 to 6270 and eventually the 6335 to 6350 region. Beyond that resistance is at 6417 to 6430.. A close over 6430 is friendly and augurs for an eventual test of the 6505 and the 6577 to 6591 region. Traders can sell at 6577 and risk a close over 6591 for three days in a row.

Nearby Support is at 6035 to 6023. Traders can buy a dip to 6035 and risk a close under 5945 for two days in a row ... 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 57025 to 5715 which should contain a decline..

Traders should go long if a close over 6190 occurs.

Trade Accordingly. and Stay tuned for Flashes

Support is at 481 1/2 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 153.5 to 152.9 and 149.6 to 148.4. Traders can buy at 153.5

and risk a close under 149.4 for three days in a row. Below that support at 145.9 to

145.3 should hold .

Resistance is at 156.9 to 157.6 Beyond that a test of 160.9 to 161. 5 is likely. Above that resistance is at 163. 7 to 165.5 .

Resistance is at 1628, a close over is friendly for a test of 1642 to 1655 and beyond

towards the 1689 to 1696 region. Above that resistance is at 1716 and 1731 to 1738 and 1774 to 1780.. Traders can sell at 1774 for a turn lower, risk a close over 1780 for three days in a row.

Resistance is at 257 1/2 A close over 257 3/4 is friendly and indicates a test of

263 3/4. Beyond that resistance is at 269 1/2.. Above that Sellers should appear

near 275.

Support is at 255 1/4 and 251 3/4 . .Below that support is at 246 3/4 and 241 3/4

Traders can buy at 245 3/4 and risk a close under 241 for three days in a row.

Traders should go long if a close over 257 3/4 occurs

Resistance is at 202 3/4 to 203 1/2 A close over 203 1/2 is friendly and augurs for a test of 207 3/4 to 209 3/4.. Above that a test of 213 3/4 is likely. .

Support is at 199 3/4 to 197 3/4 then 192 3/4. Below that 187 should contain the decline for a bit. Trade Accordingly and stay tuned for flashes

On the DownSide is at 5102 and the 5067 to 5036 region. Under that buyers should appear near 4997 to 4973 and 4926 to 4915.

Resistance is at 5127 to 5139 and 5151.. .A close over 5151 is friendly and indicates a test of 5200 to 5211. Beyond that sellers should appear near 5259 to 5282 then 5344 to 5356.

Traders should go long if a close over 5151 occurs.

Resistance is at 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 712 occurs.

On the DownSide, support is at 104.70 Under that support is at 103.60 to 103.20.

Traders can buy at 103.60 and hold for higher prices.. Under that support is at 101.10 Aggressive traders can buy at 101.10 and risk a close under 9920 for three days in a row. Below that buyers should appear near 9640 to 9625 region. Which should hold and contain a decline for the near term. Under that 9345 to 9315 and 9155 offer support.

On the Upside, Resistance is at 105.80 to 106.30 and 106.80 A close over 106.30 is friendly and indicates a test of 108.20 to 108.50 and beyond towards the 109.60 to 110.10 region and 111.55 Above that resistance is at 113 to 113.60 114.30. Beyond that a touch of the 116.40 to 116.90 region should not be ruled out if an advance

occurs...

Traders should go long if a close over 106.30 occurs

Resistance is at 836 and the 847 to 852 region A close over 852 is friendly and augurs for a test of the 877 to 882 region. An extended trade or close over 882 indicates a test of the 907 to 912 region. Beyond that good sellers should appear near 932 to 941.

Traders can sell at 932 and risk a close over 942 for two days in a row.

Support is at 823 to 814 and 795 to 791 under that buyers should appear near 779 and the 767 to 763 region. Traders can buy at 779 and risk a close under 767 for three days in a row. Below that support is at 739 to 735..

Traders should go long if a close over 852 occurs.

Stay Tuned for Flashes.

Support is at 6877 to 6852. then 6837 A close under 6837 is negative and augurs for a test of the 6807 and the 6797 to 6782 region where Traders can buy at 6782 and risk a close under 6727 for three days in a row. Below that support is at 6672 to 6657

Support should appear near 4527 to 4502, Traders can buy at 4517 for a turn higher risk a close under 4407 for two days in a row . Below that support is at 4447 to 4427 and 4317 to 4307 Under that 4247 to 4237 and 4217 should contain a decline for a bit.. Traders can buy at 4217 and hold for higher prices.

Stay Tuned for Flashes..

Resistance should appear near 4572 and the 4582 to 4602 region.. .A close over 4602 is friendly and augurs for a test of 4692 to 4717 and beyond towards the 4777 to 4787 region Beyond that Resistance is at 4845 to 4857 and 4917 to 4927 Traders can sell at 4927 and hold for lower prices

Feb Bellies
Resistance should appear near 6352 and the 6417 to 6432 region. A close over 6432 is friendly and augurs for a test of the 6482 to 6507 region.. Beyond that sellers should appea r 6577 to 6592 and the 6657 to 6672 region.

Support is at 6270 to 6257 Traders can buy at 6272 and risk a close under 6257 for three days in a row. Below that support is at 6192 to 6167 and 6112 to 6102..

Below that buyers should appear near 6027 and the 5957 region...

Stay Tuned for Livestock Flashes