Tuesday, February 02, 1999
8:26 PM 

Support is at 8893 and 8917 to 8890 below that 8856 Should hold. Day traders can buy at 8916 for a bounce , risk 65 pts.

Resistance is at 9016. Beyond that sellers should appear at 9044 to 9060 day traders should sell at 9044, risk 40 pts .

Support is at 5792 to 5780 day traders can buy at 5792 , risk 20 pts. Below that 5756 should hold. A close under 5756 augurs for a test of 5729 to 5716 where traders can buy at 5729 and hold for higher prices.

Nearby Resistance is at 5830 and 5842 a close 5842 over augurs for a test of 5873 to 5880 region. A close over 5862 is friendly and augurs for a test of 5904 and 5923 where good sellers remain. Beyond that a test of 5945 to 5957 is likely

Traders should go long if a close over 5862 occurs.

Trade Accordingly.

Nearby Support is near 7101. Day traders can buy at 7101 , risk 40 pts.

Below that support is at 7078 and 7028 then 7003 to 6990.

Early Resistance is at 7128. A close over 7128 is friendly and augurs for a test of the 7170 to 7200 region. Where good sellers should appear. Beyond that resistance is at 7242 to 7256.

Support is at 1.6328 then 1.6284. Below that support is near 1.6150 and 1.6090. Resistance is at 1.6420 and 1.6482 . Beyond that 1.6550 offers resistance,

Support should appear at 6609 then 6591 to 6577. A close under 6577 is negative and augurs for a test of 6559 and 6541. Below that 6509 to 6486 offers support.

Traders can buy at 6509 for a bounce, risk a close under 6486 for three days in a row.

Resistance is at  6641 and 6659. Traders can sell at 6655, risk a trade over 6675. A close over 6673 is friendly and augurs for a test of Resistance at 6708 then 6742 to 6755.

Support is near 288.5 and 285, under that buyers should appear near 282 where it should hold. Resistance is at 293.1 where good resistance remains. A close over 293 is friendly and augurs for a test of 301. Traders should add/ go long if a close over 301 occurs.

Support is at 6470 to 6455. Below that 6355 should contain a decline..

Resistance is at 6515 and 6555. A close over 6555 is friendly and augurs for an eventual test of 6740 to 6755

Support should appear near 351 to 349.5 and 346.8 to 345.5, traders should buy at 346.8 or better, Risk a close under 342.5 for two days in a row.

Resistance is at 357 and 360. Beyond that resistance is at 367 to 369.

On the DownSide: Nearby Support is at 541, aggressive day traders can buy at 541. Below that support is at 535 and 523 and 518 to 512.

Traders can buy at 519.5 and hold for higher prices.

On the Upside. Resistance is at 550 and 558 then 567, which should stop the rally for a bit. Buy Dips

Nearby Support is at 1209 and 1203 to 1192 then 1183. Day traders can buy for a bounce at 1209 , risk 30 pts.

Resistance is at 1234 and 1238 A close over 1238 is friendly and indicates a test of 1259 then 1274 Traders should go long if a close over 1290 occurs.

Trade Accordingly

Support is at 3755 and 3692 then 3640. Below that support is at 3565 to 3555. Traders can buy at 3555 for a turn higher risk a close under 3480 for 2 days in row.

Early Resistance is at 3850 to 3865 then 3894. Beyond sellers should appear near 3960 and the 4055 to 4120 region. Traders can go short at 4120 for a turn lower, risk a close over 4185 for three days in a row.

Support is at 3205. Below that 3115 and 3035 offer support.

Trade Accordingly.

Support is at 512 3/4 . Day traders can buy at 512, risk 8 cents. Below that support is at 501 to 499 3/4. Resistance is at 519 3/4 beyond that a test of 526 to 532 is likely .

Support is at 124.3 and 132.3. Below that support is at 129.5 to 128.5

Resistance is at 137.3 to 138.5. Beyond that resistance is at 143, above that 145.3 to 145.9 should cap a rally, traders can go short for a turn lower at 145.3. Risk a close over 148.4 for three days in a row.

Resistance is at 2149 to 2159. A close over 2159 is friendly and augurs for a test of 2193. Traders should go long if a close over 2193 occurs..

Support is at 215 1/2 and 213 1/4 then 210 1/2. Traders can go long at 211 for a turn higher, risk a close under 204 for two days in a row.

Resistance is at 218 1/2 and 220 1/2 . Beyond that resistance is at 223 3/4 Traders can go short at 223 for a quick turn lower, risk a close over 227 3/4 beyond that a test of 231 1/2 is likely.

Support is at 269 1/2 and 265 which should bring out buyers . Resistance is at 272 1/2, A close over augurs for a test of 278.

Resistance should appear near 6082 and 6115 then 6140 to 6165. Traders scan go short for a turn lower at 6165, risk a close over 6190 for two days in a row. Beyond that 6257 to 6270 should cap a rally.

Support is at 5982 and 5940. Traders can buy at 5970 for a turn higher, risk a close

Under 5940. Below that buyers should appear near 5885 and 5855, traders can buy at 5855 for a bounce, risk 90 pts.

Support is at 6679 then 667 and it should hold.

Resistance is at 699 then 712 to 719

On the DownSide, support is at 106.10 to 105.80, day traders should buy at 106.10 risk 150 pts. Below that support is at 103.80 to 103.00. Aggressive Traders should go long at 103.55 and hold for higher prices. Below that 102.25 and the 101.05 to 100.50 region should contain a break.

On the Upside Resistance should appear near the 106.80. An extended trade over or close over 106.80 augurs for an eventual thrust towards the 108.25 to 108.60 region and eventually 109.20 to 110.10 which appears likely to occur.

Trade Accordingly.

Nearby Support is at 1315 and 1305. Below that support is at 1274 to 1265.

Resistance is at 1319 and 1334 to 1346, above that resistance is at 1365 to 1377

Support is at 6562 a slip under augurs for a test of 6487, Day Traders can buy at 6487 for a good bounce Below that support is at and 6427 to 6402 where it should hold.

Support is at 4142 and 4057 Day Traders can buy at 4057 for a bounce.. Below that support is at 3992 to 3982. Resistance is at 4162 to 4192. Beyond that good sellers should appear near 4242 to 4257... A close over 4257 is friendly and augurs for

another test of 4337. Beyond that a trade to 4432 is likely.

Resistance is at 4392. Day Traders can sell at 4392 for a turn lower. Beyond that resistance is at 4427 to 4442 which should cap a rally.

Support is at 4342, a close under is negative and augurs for another test of 4287 below that support is at 4242 and 4197.

Support should appear near 5552 then 5482 , below that buyers should begin nibbling at the mkt. near the 5332 to 5322 region. Traders can buy at 5322 for a bounce, risk a close under 5297.

Resistance is at 5627 to 5637 then 5687. Beyond that sellers should appear near 5782.

Recommended Spread: 4 Long Feb. Bellies/ 4 Short March Bellies

at 75pt Feb. under March HOLD

On The DownSide nearby support is at 125-16 and 125-05 to 124-24 region.

Traders can buy at 125-04 for a good 2-3 day bounce, risk a close under 124-24 for three days in a row on all positions..

On the Upside: Resistance is at 126-00 and 126-16. A close over 126-16 is friendly and augurs for a test of 127-14 and eventually 128-18.

Support is at 1259.50 and 1255.50 then 1253. An extended trade under or close under 1253 is negative and augurs for a test of 1249.80 and eventually the 1238 to 1235.80/ 1235 regions.

On the Upside, Resistance is at 1268 to 1268.40 and 1271 to 1274.

Above that good sellers should appear near 1285.60. Beyond that resistance is at 1304. Traders Who Have Ice Water Running Through Their Veins can go short at 1304 and hold for lower prices, initially plan on risking a close over 1311.5 for three days in a row.

Stay tuned for Flashes

Resistance is near 9316 and 9347 beyond that sellers should appear near 9429 to 9445. A close over 9445 is friendly and indicates a test of 9526 to 9542 beyond that 9625 to 9642 offers good resistance. A close over 9642 augurs for a test of 9707 to 9737 Above that, 9821 to 9837 should Cap a Rally for a bit.