Wed Mar. 3, 1999

5:30 AM

On the Frenzied Forex Front

June Japanese-Yen

Support is at 8334 and 8223 to 8194 offer support ,BW traders can buy at 8224 and hold for higher prices.

Resistance is at 8390 to 8407 and 8434 to 8449 above that sellers should appear near 8527 to 8542.

Support should appear near 5575 and 5567 .Below that Buyers should appear near

5504 to 5492. Resistance is at 5617 , a close over augurs for a test of 5667.

Nearby Support is at 6919 and 6909 then 6897 Day Traders can buy at 6897 for a turn higher, risk 40 pt. Below that 6855 to 6847 should contain the break today

Resistance is at 6947 and 6960. Where sellers should appear.beyond that a t test of 6997 is likely.

Support is near 1.6090 and 1.6044.

Resistance is at 1.6150 and 1.6238..

Nearby support should appear at 6551 then 6533 and 6509 to 6482. BW Traders can buy at 6482 for a turn higher risk a close under 6430.

Resistance is at 6583 to 6591 beyond that Resistance is at 6630 and 6677 BW Traders should sell at 6677 for a turn lower, risk a close over 6715 for two days in a row.

Support at near 287.6 and 286 BW traders can buy at 285 and hold for higher prices..Below that support is at 282 where it should hold.

Resistance is at 290.5 and 292.8 then 296 and Beyond that resistance is at 304.

BW Traders should go long if a close over 292.8 occurs.

Support is at 6260 and 6125

Resistance is at 6330 and 6365 A close over 6330 is friendly and augurs for a test of 6415 to 6430. Beyond that good sellers should appear near 6515

Nearby Support should appear near 373.5. Below that support is at 368.

Resistance is at 378 and 383. A close over 386.7 augurs for a test of 395 and 399

BW Traders should go long if a close over 386.7 occurs.

On the DownSide: Support is at 527.5 and 516 .

On the Upside. Resistance is at 546.5 to 548 then 555.

Nearby Support is at 1266 and 1253 then 1241 where it should hold,

Below that 1227 should contain a break.

Resistance should appear near the 1274 to 1277 region. Beyond that resistance is at 1291 and the 1304 to 1319 region then 1334.

Trade Accordingly

Support is at 3789 and 3744 to 3715. Below that buyers should appear near the 3623 to 3613 region

Early Resistance is at 3899 and 3930 to 3945 , a close over 3944 is friendly and augurs for a test of 3992 and 4150 beyond that 4295 offers good resistance

BW Traders should go long if a close over 3930 occurs.

Support is at 3265 and 3221 then 3110 under that BW Traders can buy at 3045, risk a close under 2970 for three days in a row. Below that 2883 offer support and should stop a decline.

Resistance is at 3292, a close over 3292 is friendly and augurs for a test of the 3377 to 3386 region..

Support is at 466. to 464 and 459.

Nearby Resistance is at 473 a close over is near term friendly . Beyond that

Resistance is at 478 to 480

Support is at 128.9 and 127.2 Day traders can buy at 127.5 , risk $ 3.00

Resistance is at 132.2 to 134.6 .

Resistance is at 1901, a close over 1901 is friendly and augurs for a test of 1968.

Support is at 213 3/4 and 212 .

Resistance is at 216 and 218

Support is at 272 and 267

Resistance is at 277 to 278 , A close over 278 augurs for a test of 283.

Trade accordingly.

Resistance is at 6081 and the 6123 region beyond that a test of 6165 to 6190 is likely.

Support is at 5980 and 5925. Day Traders can go long at 5980 and hold for higher prices. Below that buyers should appear near 5882.

Support is at 586 to 582 then 568 Day Traders can Buy at 586 and hold for higher prices...

Resistance is at 608 A close over 604 is friendly and indicates a test of 630 to 634.

Trade Accordingly..

On the DownSide, support is at 103.55 to 103.20 . Day traders can buy at 103.55 for a turn higher stay tuned... Below that support is at 102.65 and 100.20 to 98.40 . BW Traders can buy at 98.40 and hold for higher prices.

On the Upside, Resistance is at 103.80 and 104.15 beyond that 105.20 offers

resistance . A close over 105.20 augurs for a test of 106.80 to 107.65 which appears likely to occur. Beyond that 109.60 10 110.10 offers resistance.

BW Traders should go long if a close over 104.15 occurs...

Trade Accordingly.

Nearby Support is at 1238 to 1232 and 1209 to 1197.

Resistance is at 1253 and 1259 then 1268 .

Support is at 6707 and 6687 Below that buyers should appear at 6627.

Resistance is at 4322 and 4347 then 4422 and 4457 beyond that BW Traders can sell at 4487 for a turn lower, risk as close over 4517 for three days in a row.

Support is at 4257 and 4222 .then 4122 to 4112 . BW Traders can buy at 4112 and hold for higher prices

Stay Tuned for flashes...

Support should appear near 4717 to 4707 and 4637

Resistance is at 4787 , an extended trade over 4782 augurs for a test of 4937.

Support is at 4892 and 4832 then 44742.
Resistance is at 5042 and 5117 to 5132 .

On The DownSide nearby support is at 120-24 to 120-22 the 120-05 region. Under that BW traders can buy at 119-04 for a turn higher, risk a close under 118-19 for two days in a row.

On the Upside: Resistance is at 121-19 to 121-22. BW traders can go short at

121-19 for a quick turn lower risk a close over 121-24 for three days in a row. Beyond that resistance is at 122-19 and 122-25. Aggressive BW traders can sell at 122-24, and hold for lower prices.

Support is at  1224.20 . Below that an eventual test of the 1218 to 11217.50 and 1216.20 is likely. BW Traders can buy at 1216.70 for a bounce only..

Stay tuned for a stop... A close under 1217.5 is negative and indicates a test of the 1206.90 and 1203 to 1192 region where good buyers should appear and hold the mkt. for a bit.

On the Upside, Resistance is at 1232 to 1235 and 1238 to 1238.90 beyond that 1244.45 and 1249.50 to 1253 offer res. BW Traders can short at 1253. for a turn lower, put your own risk on it and stay tuned..Beyond that resistance is at 1268 and 1271 then 1274. A close over 1274 is friendly and augurs for a test of 1285 and 1304.

Stay tuned for Flashes

June SP 500
Support is at 1238 / 1237.10 and 1235 to 1232 a slip under augurs for a test of 1226.80 and 1221.40 then 1218. BW Traders can buy at 1218 for a good turn higher stay tuned...

Resistance is at 1243 and 1253.40, beyond that sellers should appear near 1258 and 1268 to 1274 . BW Traders can sell at 1268, risk a close over 1274 for two days in a row. Beyond that resistance is at 1281 and 1289. A close over 1289 is friendly and augurs for a test of 1304... BW Traders Who have Ice Water running through their veins can sell at 1304 and hold for lower prices...

Resistance is near 9316 then 9331 and 9347 then 9372.. However a close over 9347 is friendly and augurs for a test of 9429 to 9445 and 9489.. 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.