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September 22th 1998

Make a Plan and Trade it

Resistance is at 7513 and 7587 to 7601 then 7675 to 7685. Traders can short at 7685 for a turn

Resistance is at 5945 to 5957 and 5968. 5945 to 5957. Beyond that resistance is at 5991.

Nearby Support is at 5912. A close under 5912 augurs for a slip to 5891 to 5880
and the 5868 to 5855 region. Below that support is at 5805 to 5792,

Nearby Resistance is at 7249 to 7256. Beyond that good sellers should appear at 7292 /7295 and 7328 to 7342.

Support is at 7206 to 7195. A close under 7206 augurs for a test of the 7170 to 7143 region. Below that 7088 to 7074/ 7060 should Hold. Traders should buy at 7063 for a good bounce, risk a close under 7035 for three days in a row.

Resistance is at 1.6802 and 1.6876. Beyond that resistance is at 1.6890
to 1.6960 Traders can sell at 1.6890 for a turn lower, risk a close over 1.6962 for three days in a row.

Support is at 6509. Below that Support is at 6483 traders can go long at 6509 for a turn higher, risk a close under 6480 for three days in a row. Below that 6467 and 6430 to 6417 offer support.

Resistance is at 6554 and 6577 to 6591. Above that resistance is at 6604 to 6609, traders can sell at 6609, risk a close 6673, for two days in a row. Beyond that resistance is at 6741 to 6755.

Support is at 288.50. Beneath that support is at 285.70 and 284

Traders can buy at 284. Initially plan to risk a close under 282 for three days in a row.

Resistance is at 294 to 294.80. A close over 294 augurs for a test of 297.90 to 289.00

Traders should go long/ add if a close over 294.00 occurs.

Nearby Support is at 7415 and 7380. Below that support is at 7255 to 7240. A close under 7240 augurs for a test the 7175 to 7143 region where traders can buy at 7175, risk a close under 7070 for three days in a row.

Early Resistance is at 7515 and 7578 to 7605. Beyond that good resistance is at 7655. A close over 7655 indicates a trade higher towards resistance at 7770 and 7835.

Nearby Support is at 354. Below that support is at 350 to 347 where it should hold.
Resistance is at 360.5 and 365 Beyond that 373 offers resistance.

On the DownSide: Support is at 485.5/ 484.5. Below that 480 top 478.5 should hold.
Traders can buy at 478.5 for a good 2 to 3 day bounce. Stay tuned for a protective stop.

On the Upside. Nearby Resistance is at 493 and 501 to 503. A close over 493 is friendly. Be long

Early Support is at 1559 and 1550, then 1541 and the 1535 to 1529 region.
Traders should consider buying at 1541 for a good bounce. Below that 1504 to 1496 and 1484 should hold. Traders can buy at 1504, risk a close under 1484 for three days in a row. Under that support is 1459 to 1453 and 1430 to 1415. Traders should buy at 1421 and hold for higher prices.

Resistance is at 1609 to 1615. Traders can go short for a turn lower at 1609 and hold for lower prices, initially risk a close over 1642 for three days in a row.

Nearby Support is at 4520 then 4480 and 4446 to 4418. A failure there on the close augurs for a test of the 4380 to 4370 then 4315 to 4304 where a break may stop. Traders can buy at 4315, risk a close under 4163 for three days in a row.

Resistance is at 4571 and 4608, a close over 4608 augurs for a test 4695 to 4717. A close over 4717 if friendly for a pop to 4845.

Early Resistance is at 4362 to 4380. Beyond that resistance is the 4419 to 4446
region. Above that 4505 to 4515 and 4570 offer resistance. A close over 4582 augurs for a test of 4639 to 4658 and 4717 then 4845. A close over 4856 is friendly for an eventual test of good resistance at 4973. Traders can go short at 4973, risk a close over 5067 for three days in a row.
Nearby Support is at 4258 to 4249 then 4225 , below that support is at 4183 to 4163. Day traders can Buy at 4258 for a bounce,

Support is at 520 and 518 to 517 1/4. Traders can buy at 517 1/2 for a 2-day bounce, Risk 8 cents. Below that support is at 515

Resistance is at 531 1/2. A close over 531 1/2 augurs for an eventual test of good resistance at 545 1/2 to 546 1/4

Support is near 129. and 124.5,

Resistance is at 131.50 to 132.8 A close over 133.60 augurs for a test of
137.3 Where good sellers should appear. Trade Accordingly.

Nearby Support is at 2568 then 2563. A close under 2563 augurs for a test 2537 to 2530. Below that support should appear near the 2519 and 2511 region. Traders can buy at 2530 for a turn higher, risk a close under 2511 for three days in a row.

Resistance is at 2592 then 2612 to 2620 and 2630. Beyond that resistance is near 2663 to 2672. A close over 2630 augurs for a test of 2716 to 2724 then 2758 to 2779.

*Traders should go long if a close over 2620 occurs.*

Support is at 203 3/4 to 201 1/2. a close under 201 1/2 augurs for a test of 196 1/2

Resistance is at 206 1/2. A close indicates at test of 209 and 211 1/2 to 213 3/4.

Resistance is at 273 1/2 and 279 to 282 to 285,
Support is at 269 3/4 to 267 1/4 and 262. Traders can buy at 262, risk a close under 255 for three days in a row.

Early Support is at 7566. Below that 7519 and 7513 to 7486 /7469 should hold.
Beneath that 7428 to 7414 and 7360 and 7292 offer good support Traders can buy at 7428, risk a close under 7414 for three days in a row.

Resistance is 7601 to 7607 and 7619. Beyond that, resistance at 7675 to 7689, then 7719 and 7763 to 7770.

Support is at 686 to 682 and 667.

Resistance is at 704 to 712. The close over 682 is friendly for test of 704 to 712 and 735 to 739 where good resistance may appear.

On the downside, Early support is at 101.20 and 100.35 and 100.20. Below that support is at 9935 / 9920. A close Under 9880 augurs for a test of 9835 to 9820 , Below that 9735 to 97.05 should hold.

On the Upside, Early Resistance is at 102.85 then and 103.20 to 103.60. A close over 103.60 augurs for test of 105.80 to 106.80 . Beyond that resistance is at 1109.60 to 110.10 and 113.20 to 115.

Resistance is at 1529 and 1535. Beyond that 1569 to 1576 offers resistance. A close over 1576 augurs for a test of 1609 to 1615

Trade Accordingly.

Support is at 6182 to 6162 and 6122 to 6112.

Resistance is at 6257 / 6267 and 6297 then 6337. A close over 6337 augurs for a test of 6417 to 6427.

October Hogs
Resistance is at 4197 to 4202. Above that a pop to 4272 is likely...

Support is 4122 to 4112 then 4047 and 4017 to 3997,

Support is at 4012 and 3997 then to 3927 , traders should buy at 3927 for a turn higher, risk a close under 3907 for three days in a row.

Resistance is at 4087 to 4112 region. A close over 4112 is friendly for a pop to

4142 and 4247.

Nearby Support is at 4652 and 4637 then 4592 and 4502 traders should buy at 4592 for a two day bounce, Risk a close under 4502. Below that support is near the 4442

Resistance is at 4742 and 4797. A close over 4797 is friendly for a test of 4892.
Beyond that resistance is at 4917 to 4927. A close over 4927 augurs for a thrust
towards 5152 and 5202 to 5222. Stay tuned for Updates ,

--From the Frying Pan into the Fire--

On The DownSide, Nearby Support is 128-26 and 128-07.
A close under 128-07 is negative and augurs for a slip to the 127-13/ 127-07 region.

On the Upside: Resistance is at 129-07 and 129-13. Above that resistance is at

130-01 to 130-07 and which should cap a rally for a bit. Day Traders can sell short

at 130-05, risk 15 pts.

On the DownSide, Support is at 1036 and 1033 to 1030, a slip under augurs for a test of 1024.80 and 1021.90 below that Support is at 1018.50. A close under 1018.50 augurs for a test of 1011.90 to 1011. Below that 1005.80 should hold.

On the Upside, Resistance is at 1037.90 to 1038 .An extended trade or close over 1038.00 augurs for a test of the 1043.90 and 1047.50 regions. A close over 1047.50 augurs for a test of 1051 and 1053.90 above that a test of 1058 is likely. A close over 1058 augurs for a test of 1063 then 1068 to 1071. Which should cap a rally, Traders should sell short at 1068, risk a close over 1072 for three days in a row.

Stay Tuned for Updates and Flashes on New Suggestions for the SP500.

Support is 7928 then 7901 and 7863 and 7836 to 7816. A close under 7836 indicates a test of 7770 to 7763 and 7689 to 7675 then 7601 and 7587

Resistance should first appear at 7939 to 7954. Beyond that resistance is near 8029 to 8044. A close over 8044 is friendly for a test of the 8114 to 8119. A close over 8119 augurs for a test of the 8194 to 8223 region which should cap a rally for now.