Thur February 04, 1999
5:45 AM

Support is at 8823 and 8777 to 8762..

Resistance is at 8871 to 8875 and 8923. Day traders should sell at 8875, risk 60 pts.

Support is at 5733 to 5716 where traders can buy at 5729 and hold for higher prices.

Nearby Resistance is at 5783 and 5815. A close over 5783 is friendly and would indicates a test of 5855.

Trade Accordingly.

Nearby Support is near 7031 then 7003 to 699 0.

Early Resistance is at 7081. A close over 7081 is friendly and augurs for a test of the 7131. Beyond that resistance is at 7181.

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 6610 and 6591

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 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 6460. Below that 6355 should contain a decline..

Resistance is at 6565. A close over 6565 is friendly and augurs for an eventual test of 6740 to 6755

Support should appear near 353 and 347 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 358 and 360. Beyond that resistance is at 367 to 369.

On the DownSide: Nearby Support is at 551. Below that support is at 545 and 521.

On the Upside. Resistance is at 560.5 then 563 to 565 and 585, which should stop the rally for a bit. A  close under 560 is negative..

Nearby Support is at 1229 and 1211 then 1209 to 1192. Day traders can buy for a bounce at 1211, risk 30 pts. Resistance is at 1261 and 1279.

Trade Accordingly

Support is at 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 3213. Below that 3180 then 3115 and 3035 offer support.

Trade Accordingly.

Support is at 506 then 501 to 499 3/4. Resistance is at 510 and 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 2131 and 2152. A close over 2131 is friendly.

Support is at 215 1/4 and 213 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 217 1/2 and 220 1/2. Beyond that resistance is at 223.

Support at 265 should bring out buyers below that support is at 261.

Resistance is at 267, A close over augurs for a test of 272.

Resistance should appear near 6089 and 6125 then 6165 to 6185. Traders can 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 the rally.

Support is at 5989 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 673 then 656 to 642.

Resistance is at 682 to 686 and 712 to 719

On the DownSide, support is at 105.10 to 104.75 and 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 106.25 and 106.80 to 107.25

An extended trade over or close over 106.25 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 1310 and 1298. Below that support is at 1274 to 1265.

Resistance is at 1319 to 1323 and 1334 to 1346.

Support is at 6657 and 6637 where it should hold today...

A close under 6657 is negative.

Support is at 4052 and 4037. Below that support is at 3992 to 3982 and 3952. Resistance is at 4152 then 4182. Beyond that good sellers should appear near 4242 to 4252

Resistance is at 4457. Day Traders can sell at 4457 for a turn lower. Beyond that

Resistance is at 4547 which should cap a rally.

Support is at 4382 and 4347 a close under 4377 is negative and augurs for another test of 4287 below that support is at 4242 and 4197.

Support should appear near 5632 and 5482.

Resistance is at 5782 and 5927.

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.

Support is at 1274 and 1268.50 to 1268 and 1266.30. An extended trade under or close under 1268 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 1285.30 and 1289 to 1290.80.

Above that good sellers should appear near 1300.50 to 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 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.