"Among the hazards of speculation the happening of the unexpected -I might even say the unexpectable - ranks high. There are certain chances that the most prudent man is justified in taking - chances that he must take if he wishes to be more than a mercantile mollusk--"Reminiscences of a Stock operator.

Tuesday June 15, 1999

05:45 AM

On the Frenzied Forex Front

Sept. Japanese-Yen

Nearby Support is at 8391 and the 8314 to 8300 region. Under that buyers should appear near 8223.

Resistance is at 8449 to 8461 and 8484 to 8499.

Resistance is at  5352 to 5356 and 5371 then 5418 to 5430. 

Support is at 5350 to 5344 and 5301 to 5287 where it should hold for a bit.  BW Traders can buy at 5282 and Hold for higher prices.

Resistance is at 6608 and 6655 to 6673. Day traders can sell at 6656, risk 30 pts.

Support is at 6591 to 6577. Under that support is at 6556 and 6523 then 6509 to 6482. BW Traders can buy at 6509, risk a close under 6482 for three days in a row.

Support should appear near 1.5990 and 1.5920

Resistance is at 1.6090 and 1.6150

Support should appear at 6836 and 6821, day traders can buy at 6822, risk 40 pts. Under that buyers should appear near 6808 and 6794.

Resistance is at 6872. A close over 6872 is friendly and augurs for a test of the 6895 and the 6906 to 6919 region. Beyond that test of 6990 to 7003 is likely.

Support is at 260.6 and 259.9, day traders can buy at 260.6. risk $3.00

Resistance is at 263.9 and 266.5

Support is at 6435. Under that support should appear near the 6385.

Resistance is at the 6535. Beyond that resistance is at 6585.

A close over 6585 is friendly and augurs for a test of 6655

Support is at 359.5, day traders can buy at 359.5, risk $ 4.00

Resistance is at 365, Beyond that resistance is at 368.5 and 370. A close over 371.5 is friendly and augurs for a test of the 374 and 377.

BW Traders should go long if a close over 371.5 occurs.

On the DownSide: support is at 507 and 500.5. Day traders can buy at 500.5 risk 4 cents. Under that support is at 493 and 488.. BW traders should buy at 488.5 and risk a close under 485 three days in a row.

On the Upside. Nearby resistance is at 513 and 521.

Support is at 1808 to 1804. Day traders can buy at 1808 , risk 30 pts. Below that buyers should appear near 1784 to 1774 and 1755.

Resistance is at 1829 and 1847 to 1854. Day traders can sell at 1847, risk 25 pts.

Support is at 5260 to 5235 Day traders can buy at 5235, risk 100 pts.

Resistance should appear at 5314 and 5344 to 5356 and 5418 to 5430 then 5455

Support is at 4437 and 4381 to 4370 then 4345.

Resistance is at 4545 and 4571 to 4582.

Support is at 467 3/4 and 462 1/2 Under that BW Traders can buy at 459, risk a close under 457 1/4 for two days in a row. Below that support is at 456 and 450

Resistance is at 475 1/4 to 476 1/2 However a close over 472 is friendly and augurs for a test of 479 then eventually 490 BW Traders should go long if a close over 472 occurs..

Support is at 476 3/4 to 475 , day traders can buy at 476 3/4, risk 5 cents.

Resistance is at 483 3/4 Beyond that sellers should appear near 487 1/4 to 489

Beyond that a eventual test of 502 is likely if it holds...

BW Traders can go long if a close over 485 3/4 occurs.

Support is at 135.60 and 133.6, BW traders can buy at 133.6 risk a close under 132.20 for two days in a row.

Resistance is at 138.60 and 141.

Resistance is at 1731 to 1738 then 1757. Beyond that sellers should appear near 1774 to 1780.

BW Traders should go long g if a close over 1731 occurs.

Support is at 230 3/4 and 229 1/2 Below that 226 should contain a decline.

Resistance is at 234 and 236 where good sellers should appear..Beyond that resistance is at 240 3/4.

Support is at 273 3/4 and 270 under that support is at 267 3/4.

Resistance is at 279 3/4 and 282.

On the Upside resistance is at 5672 then 5695 and 5740

On the DownSide support is at 5640 and 5590 to 5575.

Support is at 563 to 559. Day traders can buy at 563, risk 10 pts.

Resistance should appear at 572 and 582 to 588. A close over 582 is friendly and augurs for a test of 598 and eventually 601 to 609...

On the DownSide, early support is at 105.05. Below that support is at 104.55 then 103.60 to 103.20 ...Day traders can buy at 103.60 risk 150 pts.

On the Upside, Resistance is at 106.25 and 106.80 to 107.30

A close over 107.30 augurs for a test of 108.70 and 109.60 to 110.10

Support should appear near the 1068 to 1058 region. Under that BW Traders can buy at 1034 and hold for higher prices.

Resistance is at 1086 and 1096 to 1101 then 1119.

Support is at 6497 and 6467 then 6422.

Day traders can sell at 6532, risk 40 pts.

Resistance is at 5322 a close over is friendly and augurs for a test of 5402 top 5417

Support is at 4372 then 4322 and 4222.

Nearby Resistance is at 4522 to 4532 then 4582 a close over 4582 is friendly.

On The DownSide support is at 114-15 then 114-04 and 113-15

On the Upside: Resistance is at 114-21 then 115-05 and 115-13 to 115-15..

On the DownSide support is near 1310 and then 1307.70 and the 1307 to 1304

region Below that buyers should appear at 1294.00 and 1291.70

Resistance is at 1315 and 1322 A close over 1310 is friendly and augurs for a test of 1322 . Beyond that resistance is at 1323.70 and 1326.00. Beyond that an eventual test of 1334 is likely ...

Resistance is at 10,580,. a close or extended trade over 10,580 is friendly and augurs for a test of 10,640 to 10,680.. .