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September 29th 1998

Tues. September 29th 1998

5:05 AM

On the Frenzied Forex Front

Resistance is at 7513. Above that resistance is at 7544 then 7587 to 7601 and 7675 to 7685. Traders can short at 7685 for a turn

Resistance is at 6023 to 6035 where a rally should stop. Beyond that good resistance is at 6079 and 6101.

Nearby Support is at 5969 and 5957. A close under 5957 is negative and augurs for a slip to 5929 then 5912 and 5888.

Nearby Resistance is at 7328 to 7342 beyond that resistance is at 7367 and 7414 to 7428. Support is at 7262 and 7257 to 7242. A close under 7242 augurs for an eventual test of the 7170 to 7143 region.

Support is at 1.6960 then 1.6864. A close under 1.6860 indicates a test of 1.6744 to 1.6720 is likely.

Resistance is at 1.7072 to 1.7120

Support is at 6591 and the 6577 6571 region. A close under 6577 augurs for a test of 6509 to 6483.

Resistance is at 6671 to 6673 and should cap a rally.

Support is at 295.40 and 293.70. to 293. Beneath that support is at 290.1 then 287.3 and 284. Traders can buy at 284. Initially plan to risk a close under 282 for three days in a row. Resistance is at 298.60 then 302.3

Nearby Support is at 7485. Below that good buyers should appear near 7410. Below that support should hold at 7360.

Early Resistance is at 7585 and 7610. Beyond that resistance is at 7675 to 7690. A close over 7690 indicates a trade higher towards resistance at 7755 to 7770 and 7810.

Nearby Support is at 350 and 347.5 where it should hold. Resistance is at 357.4. A close over 357.4 augurs for a test of 367.5
Eventually we see a test of 380 for Jan Platinum...if it holds. Be Long...

On the DownSide: Support is at 522 and 519. Day traders can buy at 519. for a bounce. Below that support is at 507/506.5 to 505 then 503.5.

On the Upside. Nearby Resistance is at 537 and 543 then 555

Early Support is at 1564 a slip under augurs for a test of 1541 to 1535 where it should hold. Traders should consider buying at 1541 for a good bounce. Below that support is at 1529 and 1504 to 1496. Traders can buy at 1504, risk a close under 1484 for three days in a row. Resistance is at 1589 to 1591. A close over 1591 is friendly for a test of 1615. Beyond that a trade towards 1642 to 1655 is likely to occur. Trade Accordingly

Nearby Support is at 4555 to 4530. Day traders can buy at 4557 for a bounce, risk 100pts. Below that support is at 4496 then 4446. A failure there on the close augurs for a test of the 4380 to 4370 then 4315 to 4304 where a break may stop. Traders can buy at 4315, risk a close under 4163 for three days in a row. Resistance is at 4650 and 4775.

Early Resistance is at 4405. A close over 4405 augurs for a test of 4505 to 4515.

Support is at 4249 to 4225. Below that support is at 4205 and 4187. Traders should consider a slip to the 4205 region as a buying opportunity.

Support is at 527 1/2 and 523 3/4 Day traders can buy at 525 3/4.
Below that good support is at 520 3/4 and 517. Traders can buy at 517 1/2 for a 2-day bounce, Risk 8 cents. Resistance is at 534 3/4 and 536 1/2 then 539. A close over 539 augurs for a test of 548 3/4

Support is near 132.1 then 130.5 to 129.8 Resistance is at 136.0 beyond that good sellers should appear at 138.5 ...Trade Accordingly.

Early Support is at 210 1/4 and 208 1/2 then 205 1/2 to 203 1/2. A close under 208 augurs for a test of 203 1/4 Resistance is at 213 1/4. A close over 213 1/4 indicates at test of 218 to 220.. if it holds.

Resistance is at 278 1/4 and 281 1/4. A close over 282 is friendly for a rally to 287.

Support is at 275 1/4 and 273 3/4. Day traders can buy at 275 1/2 for a bounce.
Below that 269 to 267 should hold

Early Support is at 7428 to 7414 and 7403. Below that 7354 to 7335 should hold.
Below that 7256 to 7242 should hold basis the close on any real sell-off.
Resistance is 7455 then 7505 and 7515. Beyond that resistance is at 7535 and 7685
Buy this Dip..

Resistance is at 763 to 767 . Beyond that 780 should cap a rally today.

On the downside, Early support is at 106.95. Below that support is at 105.80 and 103.60 to 103.20. On the Upside, Early resistance is at 109.60 to 110.10. Stay Tuned...

Resistance is at 1535. The close over 1532 augurs for a test of 1550 and 1569 to 1576.
Trade Accordingly.

Support is at 6182 and 6112 Resistance is at 6287 and 6332 to 6357.

October Hogs
Resistance is at 4367 and 4442 Support is 4262 to 4257 and 4212. Below that support is at 4197

Support is at 4042, under that support is at 4017. Below that Traders should buy at 3927 for a turn higher, risk a close under 3907 for three days in a row. Below that 3842 to 3827 should hold.

Resistance is at 4127 then 4172 and 4242.
Down the road a test of 4422 is not out of the question if the Hogs can hold.

Nearby Support is at 4857 to 4842 and 4812. Below that 4775 to 4767 should hold.

Resistance is at 4907 and 4972 to 4992. Beyond that 5057 to 5067 should trade.

A close over 5067 Augurs for a thrust towards 5152 and 5202 to 5222
--From the Frying Pan into the Fire--

On The DownSide, Nearby Support is 129-12 and 129-04. A close under 129-12 is negative and augurs for a test of 128-30 and 128-12.
On the Upside: Resistance is at 129-26 and 130-06 to 130-12 then
130-21 which should cap a rally for a bit. . Beyond that 130-27 and 131-08 to 131-12 offer resistance

On the DownSide, Early Support is 1058 and 1055 then 1049 and 1047.50. Below that 1043.00 should hold. However an extended trade or close under 1043.00 augurs for a test of 1038.30 to 1036 , where day traders can buy at 1036 for a good bounce. Put your Own risk on it. A close under 1036 augurs for a test of 1033 to 1030. Below that 1022 should hold.
On the Upside, Resistance is at 1063 . a close over 1063 augurs for a test of 1066.40 and 1068 to 1070.30 then 1075.00. Beyond that a trade to 1083 is likely.

Stay Tuned for Updates and Flashes on New Suggestions for the SP500.