Thur Mar. 4, 1999

5:30 AM

On the Frenzied Forex Front

June Japanese-Yen

Support is at 8223 to 8194 offer support ,BW traders can buy at 8224 and hold for higher prices. Below that 8134 to 8119 should contain the break for today...

Resistance is at 8300 to 8314 and 8341 above that sellers should appear near 8354 .

Support should appear near 5567 .Below that Buyers should appear near5504 to 5492. Resistance is at 5617 to 5620 , a close over augurs for a test of 5667.

Nearby Support is at 6900 and 6855 then 6800 .

Resistance is at 6919 and 6950. 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 6537 and 6509 to 6482. BW Traders can buy at 6482 for a turn higher risk a close under 6430.

Resistance is at 6587 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 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 6245 then 6135

Resistance is at 6335 then 6405 to 6430. Beyond that good sellers should appear near 6535

Nearby Support should appear near 369 Below that support is at 362.

Resistance is at 376 and 379.

On the DownSide: Support is at 522.5 and 518 to 515

On the Upside. Resistance is at 534.5 and 548 then 555.

Nearby Support is at 1282 to 1274 and 1268 where it should hold,

a close under 1282 is negative

Resistance should appear near the 1304 to 1319 region then 1334. to 1343

Trade Accordingly

Support is at 3950 and 3890 then 3865. Below that buyers should appear near the 3765

Resistance is at 4090 to 4101 and 4150 beyond that 4295 offers good resistance

Support is at 3334 and 3265 to 3265 Below that 3200 offers support and should stop a decline today. Resistance is at 3377 to 3386 and 3482 to 3505

Support is at 466 3/4 and 463 then 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 130.3 to 133.6 .

Resistance is at 1905, a close over 1905 is friendly and augurs for a test of 1961.

Support is at 213 1/2 and 211 1/2 .

Resistance is at 216 1/2 and 221. Traders can go short at 222 for a quick turn lower, risk a close over 227 1/2 for two days in a row.

Support is at 267 to 265 and 259

Resistance is at 271 to 273 ... A close over 273 augurs for a test of 278.

Trade accordingly.

Resistance is at 6087 to 6107 to 6123. beyond that a test of 6165 to 6190 is likely.

Support is at 5987 Below that buyers should appear near 5910 to 5885

Support is at 582 then 571 and 558

Resistance is at 592 and 611 to 614 and 630.e Accordingly..

On the DownSide, support is at 100.30 to 98.40 to 97.80 BW Traders can buy at 98.40 and hold for higher prices.

On the Upside, Resistance is at 101.15 and 102.80 to 103.20 beyond that 103.80 offers resistance .

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

Nearby Support is at 1212 to 1197 and 1189

Resistance is at 1238 to 1243 and 1262 to 1268

Support is at 6782 and 6707 to 6682

Resistance is at 4287 and 4327 beyond that a test of 4372 is likely above that resistance is at 4427.

Support is at 4247 to 4227 .then 4122 to 4112 . BW Traders can buy at 4112 and hold for higher prices

A close over 4285 is friendly...Stay Tuned for flashes...

Support should appear near 4792 and 4717 to 4697 and 4642

Resistance is at 4887 and 4942.. an extended trade or close over 4887 augurs for a test of 4997 and 5087

Support is at 4947 and 4897 then 4827 .
Resistance is at 5047 and 5082 then 5127 and 5192 .
A close over 5082 is friendly ....

On The DownSide nearby support is at 119-23 and 119-04 BW traders can buy at 119-04 for a turn higher, risk a close under at 118-19 for two days in a row.

On the Upside: Resistance is at 1290-08 and 120-22 / 120-23 beyond that 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.

Support is at 1232 then 1225.30 . Below that another test of the 1217.50 and 1215.90 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 1235 and 1238 then 1239.10 beyond that 1242.70 and 1249.50 to 1253 offer resistance 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 to 1237.50 and 1235 to 1232 a slip under augurs for a test of 1226.30 and 1221.50 then 1218. BW Traders can buy at 1218 for a good turn higher stay tuned...

Resistance is at 1253 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.