Mon. February 08, 1999
6:00 AM

Support is at 8861 and 8823 then 8777 to 8762..

Resistance is at 8930 and 8964 then 9030.

Support is at 5736 to 5716 where traders can buy at 5729 and hold for higher prices.

Nearby Resistance is at 5792. A close over 5792 is friendly and would indicates a test of 5855 to 5880

Trade Accordingly.

Nearby Support is near 7034 and 6988

Early Resistance is at 7092, a close over 7094 is friendly and augurs for a test of 7170 to 7180.

Support is at 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 6682 and 6655

Resistance is at 6742 to 6755.

Support is near 288.5 and 285, under that buyers should appear near 282 where it should hold. Resistance is at 292 to 293. 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 6575. Below that 6505 should contain a decline..

Resistance is at 6740 to 6755 Beyond that good sellers should appear near 6905 to 6940, traders can go short for a turn lower at 6915, risk a close over 6945.

Support should appear near 357 and 352.

Resistance is at 367 to 369.

On the DownSide: Support is at 555 and 548.

On the Upside. Resistance is at 565 to 567 and 580

Nearby Support is at 1187 to 1174 However a close under 1165 augurs for a slip to the 1142 to 1130 region. Traders can go long at 1142, risk a close under 1101 for three days in a row. Below that 1068 to 1058 should contain a break.

Resistance is at 1192 and 1204 then 1222.

Trade Accordingly

Support is at 3480 to 3450 and 3380.

Early Resistance is at 3525 and 3580 then 3640.

Support is at 3035 and 2905

Resistance is at 3105 and 3140. A close over 3105 is friendly and augurs for a test of 3240.

Trade Accordingly.

Support is at 510 then 504 and 499 3/4. Resistance is at 514 beyond that another test of 520 is likely.

Support is at 133.3 and 132.3. Below that support is at 129.5 to 128.5

Resistance is at 136.4 to 138.5. Beyond that resistance is at 143.

Resistance is at 2159 then 2179 to 2193. A close over 2193 is friendly and augurs for a test of 2242 and eventually 2354 to 2370.

Traders should go long if a close over 2193 occurs..

Support is at 217 1/4 and 214 then 211 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 221 1/2. Beyond that resistance is at 226.

Support at 267 should bring out buyers below that support is at 265.

Day traders can buy at 267 1/2 risk 5 cents

Resistance is at 273, A close over augurs for a test of 279.

Resistance should appear near 5965 and 5995 then 6089.

Support is at 5895 and 5855, day traders can buy at 5855 for a bounce, risk 90 pts.

Support is at 653 to 646.

Resistance is at 682 to 686 and 712 to 719

On the DownSide, support is at 104.00 to 103.80 and 103.00.

Aggressive day Traders should go long at 103.20 and hold for higher prices.

Below that 102.15 and the 101.50 to 100.50 region should contain a break.

On the Upside Resistance should appear at 104.50 then 105.80 to 106.80 and 107.10. An extended trade over or close over 105.10 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 1298. Below that support is at 1274 to 1265.

Resistance is at 1312 and 1319 to 1323 then 1334 to 1346.

Support is at 6747 and 6722 then 6682 where it should hold today...

Resistance is at 4862. Beyond that Resistance is at 4952 which should cap the rally.

Support is at 4752 and 4697 to 4662, a close under 4697 is negative.

Support should appear near 6087 then 5937.

Resistance is at 6217 and 6237 beyond that 6337 offers resistance

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

at 75pt Feb. Under March

Exit at + 50 Feb. Over March if able today

On The DownSide nearby support is at 123-25 and the 123-19 region.

On the Upside: Resistance is at 124-13 and 124-19 Then 125-19

Support is at remains near the 1238 to 1236.70 region Under that 1232 to 1230.60 offers support. Below that a test of the 12290.80 to 1218 region is likely. A close under 1218 is negative and indicates a test of the 1203 to 1192 region where good buyers should appear and hold the mkt. for a bit.

On the Upside, Resistance is at 1250 and 1256.40 beyond that sellers should appear near 1268 and 1271 to 1274 then 1285.30 and 1289 to 1290.80