Thur Mar. 4, 1999

8:47 PM

On the Frenzied Forex Front

June Japanese-Yen

Support is at 8194 and 8148 to 8134 which should contain the break for today...

Resistance is at 8248, a close over augurs for a test of 8300 to 8314 and 8341 above that sellers should appear near 8354.

Support should appear near 5524 then 5504 to 5492. Below that Buyers should appear near 5461. Resistance is at 5565 and 5580, a close over 5580 augurs for a test of 5640.

Nearby Support is at 6855 then 6809 to 6836.. Day traders can buy at 6809 for a bounce, risk 30 pts. Below that support is at 6755.

Resistance is at 6893 to 6904 and 6919. Day traders can sell at 6893, risk 30 pts.

Beyond that a test of 6945 is likely...

Support is near 1.6060 and 1.6048 below that 1.5956 should hold..

Resistance is at 1.6090 and 1.6150 then 1.6238..

Nearby support should appear at 6540 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 287.4 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 290.8 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 6270 and 6230 then 6140

Resistance is at 6405 and 6455. Beyond that good sellers should appear near 6535

Nearby Support should appear near 370.6 to 369.5. Below that support is at 359.5.

Resistance is at 375 beyond that a test of 379 is likely...

On the DownSide: Support is at 520.5 and 518 Day traders can buy at 520.5, risk 8 cents. Below that 509 should hold...

On the Upside. Resistance is at 533.5 and 541.5. .

Nearby Support is at 1327 and 1320 then 1295 to 1289 where it should hold,

Day traders can buy at 1320 for a quick bounce, risk 40 cents...

Resistance should appear near the 1345 and 1370...Hearty Day traders can sell at 1377 for a turn lower, risk only 20 pts..

Trade Accordingly

Support is at 4087, day traders can buy at 4087, risk 50 pts...Below that buyers should be evident at 3957.

Resistance is at 4157 and 4212 then and 4295 to 4315. Day traders can sell at 4315 and risk 80 pts..

Support is at 3450 a close under augurs for a test of 3295 Below that 3160 offers support and should stop a decline today. Resistance is at 3495 and 3570 day traders can sell at 3555, risk 100 pts.

Support is at 462 to 460.5.

Nearby Resistance is at 467 1/2 and 470.5 to 472 1/2 and 475.. A close over 475 is near term friendly and augurs for a test of 481.

Support is at 131.7 and 130.4.. Day traders can buy at 130.5, risk $ 4.00 below that 124.6 should hold

Resistance is at 133.6 and 134.3 beyond that a test of 137 is likely.

Resistance is at 1839 to 1844, a close over 1844 is friendly and augurs for a test of 1907.

Support is at 216 1/2 and 212.

Resistance is at 218 3/4 and 220 to 222.. BW 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 272 then 266/ 265 and 260

Resistance is at 277 1/4 and 278. A close over 278 is friendly and augurs for a test of 284.. Trade accordingly.

Resistance is at 6165 and 6190 to 6217 beyond that a test of 6295 is likely.

Support is at 6094 to 6089, day traders can buy at 6095 for a quick bounce..

Below that buyers should appear near 6035 to 6023 and 5995..

Support is at 548 then 534 to 528 and 493.

Resistance is at 560 and 572 then 586 to 588

A close over 560 is friendly and augurs for a test of 609..

On the DownSide, support is at 103.20 to 102.95 day traders can buy at 103.20 for a bounce.. Put your own risk on and stay tuned... Below that 101.05 and 100.50 offer support. Under that BW Traders can buy at 98.40 and hold for higher prices.

On the Upside, Resistance is at 103.80 and 105.10 to 105.45 and 105.80. A close over 105.45 is friendly and augurs for an eventual test of 106.80 to 107.40 BW Traders should go long if a close over 104.15 occurs...

Nearby Support is at 1232 and 1202 to 1192..

Resistance is at 1238 to 1243 and 1259 then 1274 to 1282.

Support is at 6717 to 6707 and 6677...Below that 6632 should hold..

Resistance is at 4370 above that good sellers should appear near 4432.

Beyond that resistance is at 4477 to 4487. BW Traders can sell at 4487 for a turn lower, risk as close over 4517 for three days in a row. Beyond that resistance is at 4532. Support is at 4337 and 4272 aggressive day traders can buy at 4272 for a turn higher ,risk 120 pts. Under that 4232 should hold. Day traders can buy at 4237 for a bounce, risk 80 pts..

.

Support is at 5282 to 5252 , day traders Can. Buy at 5282 and hold for higher prices... Below that support is at 5202 and 5122.
Resistance is at 5352 and 5417 to 5430 , a trade over augurs for a test of 5492 to 5502 region...

Stay Tuned for Flashes..

On The DownSide nearby support is at 119-04 and 118-24 to 118-19 BW traders can buy at 119-04 for a turn higher, risk a close under at 118-19 for two days in a row. Below that support is at 117-24.

On the Upside: Resistance is at 119-24 and 120-00 above that sellers should appear near 120-19 to 120-24. 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 1244.40 and 1239.20 to 1238 under that 1235 to 1232 should hold , a close under 1232 augurs for another test of the 1217.50 to 1215.90 region.

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 1253. Beyond that resistance is at 1268 and 1271 then 1274. Hearty day traders can sell at 1271 for a quick turn lower... put your own risk on it and stay tuned... 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 1258 to 1253./ 1251 below that buyers should appear near

1238 / 1237.70 and 1235 to 1232. A slip under 1232 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 1268/ 1269.70 and 1274 to 1277.40 BW Traders can sell at 1268, risk a close over 1274 for two days in a row. Beyond that resistance is at 1285.60 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...

9345 to 9316. Below that 9223 to 9194 offers support.

Resistance is near 9489 then 9526 to 9542 beyond that resistance is at 9568 and 9625 to 9642. A close over 9642 augurs for a test of 9707 to 9737.

Above that, 9821 to 9837 should Cap a Rally for a bit.