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Friday May 14, 1999

06:45 AM

On the Frenzied Forex Front

June Japanese-Yen

Nearby Support is at 8194  Under that 8179 should stop the break ...

Resistance is at 8224 then  8256 and 8279 beyond that a trade to 8300 is likely.8314, an extended trade or close over 8314 augurs for a test of 8352 to 8372 a close over 8352 is friendly and augurs for an eventual touch of the 8407.

Support is at 5441 to 5430 and 5418

Resistance is at 5491 and 5504 then 5417.

Day traders can sell at 5490, risk 25 pts.

Support is at 6673 and 6659 below that a test of 6591 to 6577 is likely

BW Traders can buy at 6577 and Hold for higher prices.

Resistance is at 6707 to 6711 Day traders can sell at 6707, risk 20 pts. Beyond that sellers should appear near the 6741 to 6757 region..

Nearby Support should appear near 1.6112 to 1.6090. Under that support is at 1.6020 and 1.5936.

Resistance is at 1.6150 and 1.6186. Beyond that sellers should appear near 1.6220

Support should appear at 6836 to 6820. BW Traders can buy at 6820 for a bounce, risk a close under 6809 for three days in a row. Below that support is at 6755 and 6741

Resistance is at 6878 and the 6909 to 6919 region. BW Traders can sell at 6920 a turn lower, risk a close over 6955 for three days in a row. Above that sellers should appear near 6990 to 7003.

Support is at 277. Under that buyers should appear near 275.4.

Resistance is at 278.5 and 281 5.

Trade accordingly

Support is at 7090 to 7070 and 7005 to 6990

Resistance is at 7130 and 7195 then 7240 to 7255. Beyond that a test of 7335 is likely.

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Support is at 355 and 353, BW Traders can buy at 353 and hold for higher prices.. Below that support is at 349 to 346

Resistance is at 359 to 360 A close over 358.90 is friendly and augurs for an eventual test of 363 to 364 and the 366 to 368 region.

BW Traders should go long if a close over 358.90 occurs. .

On the DownSide: Support is at 549 Under that buyers should appear near 547 Day traders can buy at 546.5 and hold for higher prices.  Below that  535 offers support  BW Traders can buy at 535

On the Upside. Resistance is at 551.5 and 555  Beyond that resistance is at 565 to 569.

Support is at 1811 and 1794 to 1787

Day traders can buy at 1794 and hold for higher prices...

Resistance is at 1836 and 1858 to 1865.

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Support is near the 5227 and 5150 to 5127

Resistance is at 5345 to 5355 and 5430

Support is at 4405 and 4380 to 4370 Under that Buyers should appear at 4260

Resistance is at 4440 and 4505

Support is at 468 1/2 to 466 1/2 and 465.

Resistance is at 473.3/4 a close over is friendly

Support is at 482 and 480 1/2 then 474

Resistance is at 4871/2 a close over 487 1/2 is friendly

Support is at 132.7 and 129.60 to 127.4 below that 125.5 and the 123.8 to 123.2
region should hold. Traders can buy at 127.40 and hold for higher prices. .

Resistance is at 133.6 and 135.10. Beyond that resistance is at 137.7 to 138.3

and 141.

1738 to 1729 region.

Resistance is at 1808 to 1813 and 1822

Support is at 223 3/4 to 222 under that 218 should hold.

Resistance is at 2271/2 beyond that sellers should appear near 228 3/4

Nearby Support is at 268 3/4 to 265 , day traders can buy at 268 3/4 , risk 8 cents. Under that buyers should appear near 263 and 257.

Resistance is at 274 3/4 and 276 3/4

On the Upside resistance is at 5819 to 5830, beyond that a touch of 5855 to 5880 is likely. A close over 5880 is friendly Beyond that resistance is at 5920

On the DownSide support is at 5729 and 5717 then 5655 .

Support is at 471 to 468 Below that support is at 460 and 441

Day traders can buy at 469 , risk 35 pts.

Resistance should appear near the 483 then 490 to 493. Beyond that sellers should

appear near 509 and 520.

On the DownSide, support is at day traders can buy at 103.60 and hold. Under that support is at 103.40 to 103.10. Below that BW Traders can buy at 102.65 and hold for higher prices.. under that support is at 101.80 and 101.25

On the Upside, Resistance is at to 104.70 and 105.80 , beyond that sellers should appear near 106.80.

Support is at 977 and 964. Under that BW traders should buy at 941 and hold.

Resistance is at 997 to 1000 / 1005 and 1032 to 1038.

Support is at 6112 to 6102 and 6035 to 6022 below that buyers should appear near

5957 to 5942 and 5882 to 5855.

Support is at 6002 and the 5967 , below that a test of 5902 to 5877 is likely.

Resistance should appear near the 6077 and the 6102 region day traders can sell at 6102 for a turn lower, risk 100 pts. Beyond that BW Traders can sell at 6162 for a turn lower, Risk a close over 6272 for three days in a row.

Support is at 5877 to 5852 and 5832 below that buyers should appear near the 5802 region Under that support is at 5727 to 5717 and 5652. Day traders can buy at 5652 and hold for higher prices.

Resistance is at 5952 to 5957 and 5972 above that sellers should appear near 6102.

Day traders can sell near 6102 and hold for lower prices..

On The DownSide nearby support is at 119-12 then 119-04 to 118-31. A close under 118-31 is negative and augurs for a test of 117-31.

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On the Upside: Resistance is at 119-30 and 120-05

BW traders can sell at 119-27, risk a close over 120-11 for three days in a row.

June SP 500
On the DownSide , Early support is at 1372.40 and 1371.90 to 1369.10

Aggressive Day traders can buy at 1371.90 and hold for higher prices.. Below that support is at 1361.50 an extended slip under augurs for a test of 1356.30. Below that support is at 1347.40 to 1346 and 1344.50 under that support is at 1340. Below that buyers should appear near the 1334 to 1331 and 1329.10. Below that 1323.60 to 1322 should contain a decline..

Resistance is at 1377 and 1380 to 1381.70 beyond that a test of 1383 is likely.

Beyond that sellers should appear near 1388.20 and 1390.50

A close under 1371.90 is negative...

Resistance is at 11,114 beyond that sellers should appear near the 11,155 to 11,171 region.