"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.

Sunday, September 26, 1999

07:15 AM

On the Frenzied Forex Front

Dec. Japanese-Yen

Nearby Support should appear near 9706 then 9674 to 9667 below that

support should appear near the 9641 to 9625 region. Under that support is at 9571, Traders can buy at 9571 , risk a close under 9526 for two days in a row . Below that support is at 9542 to 9526 then 9448 to 9425 and 9373. Traders can buy at 9373 and risk a close under 9317 for three days in a row.

Nearby Resistance is at 9737 and 9772 to 9786, a close over 9772 is friendly and augurs for a test of 9821 to 9837 and eventually 9921 to 9937 . Beyond that resistance is at 10021 to 10037 Traders can sell at 10021 and risk a close over 10037 for two days in a row. ...

Traders should go long is a close over 9772 occurs.

Support is at support is at 6577 and 6545 under that support is at 6534 to 6527 and 6509 to 6483. Below that buyers should appear near 6462, traders can buy at 6462 for a turn higher, risk a close under 6451 for two days in a row. Under that 6430 to 6417 offers support. A close under 6417 is negative and augurs for a test of 6350 to 6337.

Nearby Resistance is at 6591 and 6626. A close over 6591 is friendly and augurs for a test of 6659 to 6673 and 6707 Above that sellers should appear near 6723 then 6741 to 6755 then 6809 to 6836 Traders can sell at 6809 for a turn , lower risk a close over 6836 for two days in a row.

Traders Should go long if a close over 6591 occurs, Stay tuned for Flashes...

Support should appear near 1.6420 and 1.6408 , traders can buy at 1.6408 and hold for higher prices. Below that support is at 1.6334 then 1.6286

Traders can buy at 1.6286 and risk a close under 1.6236 for three days in a row. Under

that support is at 1.6150 and 1.6090

Resistance is at 1.6480 and 1.6550 , a close over 1.6550 is friendly and augurs for an eventual test of 1.6720 the 1.6890 to 1.6960 region. Beyond that resistance is at 1.7130 traders can sell at 1.7130 and risk a close over 1.7310 for two days in a row.

Traders should go long if a close over 1.6550 occurs.

Nearby Support 6793 then 6782 under that support is at 6770 and the 6755 to 6741 region. BW Traders can buy a dip to 6755 for a good bounce and risk close under 6741 for three days in a row. Under that support is at 6720 and 6707. Below that aggressive traders can buy at 6707 for a turn higher , risk a close under 6673 for two days in a row.

Resistance is at 6809 and 6823. Beyond that resistance is at 6836 and 6871. A close over 6836 augurs for an eventual test of the 6906 to 6919 region. Beyond that

resistance is at 6990 to 7003 should cap a rally for a bit.. Traders can sell at 6990 and risk a close over 7003 for three days in a row.

Traders should go long if a close over 6836 occurs.

Nearby Support should appear at 5369 and the 5356 to 5344 region under that

support is at the 5304.

Resistance is at 5390 and the 5418 to 5430 region . Beyond that resistance should appear near the 5492 to 5504 Region

Trade accordingly

Nearby Support is at 268.7 and 267.2 , traders can buy at 267.2 for a turn higher, risk a close under 266.20 for three days in a row. Below that support is at 262 to 261.2

Aggressive traders can buy at 261.2 and hold for higher prices.

Resistance is at 270.6 then 271.6 to 272.4, beyond that sellers should appear near

275.8 to 277.5 A close over 277.5 is friendly and augurs for a test of 282 to 282.9 and 284.30

Traders should go long if a close over 271.60 occurs.

Nearby Support is at 7955 to 7935 under that support is at 7890 and the 7845 to 7835 region , which should contain a decline for a bit. BW Traders can buy at 78 40 and risk a close under 7760 for three days in a row. Under that 7690 to 7675 offers support.

Aggressive traders can buy at 7690 and hold for higher prices..

Nearby Resistance is at 8025 to 8045 and 8080 , aggressive traders can sell at 8085 and risk a close over 8135. Beyond that resistance should appear near the 8190

to 8225 region. A close over 8225 is friendly and augurs for a test of 8300 to 8315 then 8365 to 839. Beyond that a test of 8485 to 8500 and eventually the 8560 to 8590 region is likely.. If it holds.

On the DownSide nearby support should 521.5 to 519.5 a close under 519.5 augurs for a test of 516 and 512.5 under that support is at 506.5 to 503.5 , traders can buy at 506.5 and risk a close under 497 for two days in a row. Below that 492.5 to 491.5 should contain a decline for a bit..

On the Upside. Nearby resistance is at 530.5 and 534.5 to 535.5. Beyond that sellers should appear near 538.5 , a close over 535.5 is friendly and augurs for a test of 549 to 552 and 557.

Traders should go long if a close over 535.5 occurs.

Stay tuned for Flashes...

Support is at 367 and 365.8 where good buyers should appear.

Under that support is 359.5

Resistance is at 369.5 and 373.7 then 379.5 to 381 and 383

Resistance is at 2490 and the 2511 to 2519 region.. Beyond that sellers should

appear near 2552 to 2568 ..BW Traders can sell at 2552 for a turn lower, risk a close over 2568 for two days in a row. Above that 2612 to 2620 offers resistance.

Trade Accordingly.

Nearby Support is at 6871 then 6836 to 6809, Aggressive Traders can buy at 6819 and risk 100 pts. Below that support is at and 6773 and the 6755 to 6741 region A close under 6741 is negative and augurs for a test of 6673 to 6659. Under that support is at 6591 to 6577 Below that 6509 to 6482 offers support. Traders can buy at 6509 and risk a close under 6482 for three days in a row. Under that support should appear near 6270 t0 6257.

Traders should go short if a close under 6741 occurs.

Resistance should appear at 6909 to 6919. Beyond that resistance should appear near 6990 to 7003 A close over 7003 is friendly and augurs for a test of 7074 to 7088 and the 7143 to 7170 region, beyond that sellers should appear near 7325 to 7342 and Cap a Rally, traders can sell at 7325 and risk a close over 7342 for three days in a row.

Nearby Support is at 6270 to 6257 and 6243 , Traders can buy at 6243, risk 100 pts.

Below that support is at 6219 and 6190 to 6165. A close under 6165 is negative and augurs for a test of 6113 to 6101 and eventually 6035 to 6023. . Below that support is at 5957 to 5945 traders can buy at 5945 and risk a close under 5855 for three days in a row . Under that 5805 to 5792 should hold..

Resistance is at 6337 to 6350 above that sellers should appear near 6417 and 6482 to 6509 aggressive BW traders can sell at 6482. Risk a close over 6509 for two days In a row. Beyond that resistance is at 6577 to 6591 and the 6659 to 6673 region which should Cap a Rally for a bit.. .

Trade Accordingly. and Stay tuned for Flashes

Nearby Resistance is at 484 1/2, a close over 484 1/2 is friendly and augurs for a test of 494 and the 498 to 502 region. Beyond that resistance is at 512 and 528

Support is at 474 1/2 and 471 1/2 to 470 1/2. Traders can buy a dip to 471 1/2 and risk a close under 469 1/2 for two days in a row, below that support should appear near 457. And the 451 to 448 region.

Traders should go long if a close over 484 1/2 occurs.

Resistance is at 147.5 and 148.6 to 149.6 A close over 149 is friendly and augurs for an eventual test of 152.8 to 153.5 and 154.9 Beyond that resistance is at 156.9 to 158.0

Support is near 145.2 and 143.1 then 141 under that 138.3 to 137.7 should contain a decline.

Traders should go long if a close over 149.6 occur.

Resistance is at 1716 and the 1731 to 1738 region. Beyond that resistance is at 1756.

A close over 1756 is friendly and indicates a trade towards the 1774 to 1780 region.

Beyond that resistance should appear near 1808 to 1822 and 1868 to 1865.

Resistance is at 279 and 281 1/2 to 282 3/4. A close over 282 3/4 is friendly and

indicates a test of 287 1/2 and beyond towards resistance at 291 to 294. Above that Sellers should appear near 297 and 301.

Support is at 275 1/4 and 269 1/2 then 267. Below that support is at 264 3/4 and

262 to 261 1/4.

Traders should go long if a close over 282 3/4 occurs

Resistance is at 209 1/2 then 211 1/2 and 214 3/4 Beyond that sellers should appear near 219 1/2 to 221 3/4. Traders can sell at 219 1/2 and risk a close over 222 3/4 for three days in a row.

Support is at 207 1/2 to 206 1/2 and 202 1/2 to 201, traders can buy at 202 1/2 and risk a close under 198 1/2 for three days in a row.

On the DownSide support is at 5295 and 5259. Under that buyers should appear near 5211 to 5195 and the 5139 to 5127 region. Traders can buy at 5195 and risk a close under 5127 for three days in a row. Below that support is at 5102 and the 5067 to 5036 region.

Resistance is at 5344 to 5356 . a close over 5356 is friendly and augurs for a test of 5395 and the 5418 to 5430 region Beyond that resistance is at 5492 to 5504 and the 5555 to 5577 region.

Traders should go long if a close over 5356 occurs.

Resistance is at 722 then 735 to 738. Beyond that sellers should appear near 763 to 767. Traders can sell at 763 for a turn lower and risk a close over 767 for three days in a row

Traders should go short if a close under 704 occurs.

On the Upside, Resistance is at 8485 to 8500. A close over 8500 is friendly and augurs for a test of 8560 to 8595. Beyond that resistance is at 8668 to 8683. Beyond that

a test of resistance near 8855 to 8870 is likely.

On the DownSide, support is at 8345, aggressive traders can buy at 8345 and risk a close under 8300. Under that buyers should appear near 8225 to 8195 and the 8135 to 8120 region. Which should hold and contain a decline for the near term.

Traders should go long if a close over 8500 occurs.

Support is at 1005 to 1000. Traders can buy at 1005 and hold for higher prices. Under that support should appear near 986 to 981 and 972. Traders can buy at 986 and risk a close under 968 for three days in a row. Below that Buyers should appear near 954 to 947 and 942 to 931 which should contain a decline . Under that support is at 912 to 902 and 896 then 882 to 887.

Resistance is at 1018 an extended trade or close over 1018 is friendly and augurs for a test of 1032 to 1036 then 1047 and eventually the 1058 to 1068 region. Beyond that a test of 1082 is likely. A close over 1081 is friendly and indicates a trade towards 1096 to 1101 and 1130 to 1136. Beyond that sellers should appear near 1164 to 1169 and 1193.

Traders should go long if a close over 1018 occurs.

Stay Tuned for Flashes.

Support is at 6822 and 6807, a close under 6807 is negative and augurs for a test of 6772 under that support is at 67255 to 6742 a slip under 6742 augurs for a test of 6727 and eventually the 6707 to 6692 region. Traders can buy at 6692 and risk a close under

6657 for three days in a row. Below that 6612 should contain a decline..

Support is at 4642 to 4632, a close under 4642 is negative and augurs for a test of 4597 and 4572 and eventually 4517 to 4507 where it should hold for a bit under that

support is at 4447 to 4427. Traders can buy at 4447 risk a close under 4427 for three days in a row. Below that support is at 4412 and 4317 and the 4237 to 4217 region.

Resistance is at 4647 and 4697 to 4717 then 4777 and 4797 , beyond that resistance is at 4832 and the 4917 to 4927 region where sellers should cap a rally. Traders can sell at 4927 and risk a close over 4997 for two days in a row. Beyond that resistance is at 5037 to 5057 and 5127 to 5142.

Support should appear near 4497 and 4462, a close under 4462 is negative and augurs for a test of 4397 and the 4382 to 4367 region. Below that support is at 4352 and 4307. Traders can buy at 4307 for a turn higher , risk a close under 4237 for two days in a row.

Resistance 4557 then 4572 to 4582 and 4597. Beyond that sellers should appear near

4637 to 4652 and the 4597 to 4717 region . traders can sell at 4717 and risk a close over 4787 for three days in a row. Beyond that sellers should appear near 4917 and the 5037 to 5067 region. Traders can sell at 5067 for a turn lower , risk a close over 5142 for three days in a row.

On The DownSide nearby support is at support is at 114-27 and 114-19

Traders can buy at 114-27 and risk a close under 114-19 for three days in a row.

Under that support is at 114-09 and 113-19. Below that buyers should appear

near 113-02 to 113-00.. Traders can buy at 113-02 Risk a close under 113-00 for three days in a row. Under that support is at 112-11.

On the Upside Nearby Resistance is at 115-19 and 115-29 Beyond that a test of

116-17 and 116-19 to 116-22 is likely. Above that sellers should appear near 117-20.

A close over 117-20 augurs for an eventual test of 118-09 and 118-21. Traders can sell at 118-19 for a turn lower and risk a close over 119-06 for three days in a row

Traders should go long if a close over 115-19 occurs.

On the DownSide Nearby Support is at 1281.90 and 1279.10 to 1278.40 below that support should appear near the 1274 and the 1371 to 1268 region. Under that buyers should appear near 1253 to 1350.30 failure there augurs for a test of 1242.30 and the 1238 and the 1235 to 1232 region which should stop a decline..Traders who have ice Water in their Veins should Buy at 1238 and hold for higher prices. Under that support

is at 1218.70 to 1217.50 and the 1202 to 1192 region.

Nearby Resistance is at 1289 and 1297.60, beyond that a test of 1302.90 to 1304 is likely. An extended trade or a close over 1301.40 augurs for a test of 1307 and 1310

to 1312.10. a close over 1310 is friendly and augurs for a test of 1322 Beyond that

resistance is at 1328.70 to 1329.50 and 1334. Beyond that resistance is at 1340 and 1346. A close over 1346 indicates a trade towards the 1361.50 to 1365.90 region
An extended trade or close over 1361.50 is friendly and augurs for a test of the 1377
to 1383 region

Resistance should appear near 10,289.7 then 10,320 and 10,340 to 10.360 Beyond that resistance is at 10,420 and 10470 to 10,493. A close over 10,470 is friendly and indicates a test of 10,580 to 10,610 and eventually the 10,630 to 10,680 region