Wed May 19, 1999

06:44 PM

On the Frenzied Forex Front

June Japanese-Yen

Nearby Support is at 8044 to 8028 and 8007 then 7955

Resistance is at 8092 to 8107, a close over 8092 augurs for a test og 8140 and 8176 to 8183/8194,

Support is at 5454 and 5430 to 5418 under that 5401 and 5388 provide

some support...

Resistance is at 5481 and 5504 then 5519 and 5535

Day traders can sell at 5504, risk 25 pts.

Support is at 6659 to 6654 then 6624, below that a test of 6591 to 6577

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

Resistance is at 6674 beyond that resistance is at 6724 Day traders can sell at 6724, risk 40 pts. Beyond that sellers should appear near 6741

Nearby Support should appear near 1.6150 and 1.6126 then 1.6090.

Under that support is at 1.6020 and 1.5936.

Resistance is at 1.6232 and 1.6286 then 1.6336.

Support should appear at 6787 and 6755 to 6741

Resistance is at 6821 and 6837 then 6887 to 6909 region. Beyond that

BW Traders can sell at 6920 a turn lower, risk a close over 6955 for three days in a row.

Support is at 273 and 272.7

Resistance is at 275 then 277 5.

Trade accordingly

Support is at 6760 then 6745

Resistance is at 6915 and 6955.

Support is at 353..Below that support is at 348 to 346

Resistance is at 358 to 360.2 A close over 358.90 is friendly and augurs for an eventual test of the 366.5 to 368 region. BW Traders should go long if a close over 358.90 occurs. .

On the DownSide: support is at 524 to 522 Below that BW Traders should buy at 516 and risk a close under 512 for three day in a row.

Under that support at 504 should hold.

On the Upside. Resistance is at 533 and 536, beyond that resistance is at 543, a close over 543 augurs for a test of 558.

Support is at 1675 and the 1650 to 1640 region.

Resistance is at 1700 to 1706 then 1725.

Support is at 4950 and 4887.

Resistance is at 5026 a close over 5026 augurs for a test of 5085. Beyond that

resistance is at 5155.

Support is at 4020 and 3915 to 3890

Resistance is at 4115 and 4122

Support is at 468 3/4. And 466

Day traders can buy at 468 3/4 and hold..

Resistance is at 476 1/4 and 480

Support is at 479 and 475

Resistance is at 483 1`/3 and 489.

BW Traders should go long if a close over 493 occurs.

Support is at 134 and 132.6

Resistance is at 135.80. Beyond that resistance is at 137.8 and 140.

Resistance is at 1822 and 1842 A close over 1822 is friendly and augurs

for a test of 1858 to 1869

Support is at 218 1/2 and 215 1/2 to 214 3/4.

Resistance is at 220 then 224 3/4

Support is at 257 and 252

Resistance is at 263 1/2 then 268

On the Upside resistance is at 5824 and 5855 to 5880.

A close over 5855 is freindly and augurs for a test of 5945 to 5975.

On the DownSide support is at 5775 and 5750, day traders can buy at 5775 below that support is at 5655 to 5640.

Support is at 468 and 461 then 449 to 441 and 435.

Resistance should appear at 474 , a close over 474 is friendly.

And augurs for a terst of 492 and eventually the 507 to 514 region..

On the DownSide, early support is at 122.20 and 121.15 then 120.70 and the 120.30 to 119.60 region. Well Heeled Day traders can buy at 120.70 and hold , below that support is at 116.90 to 116.40 and 115.90..

On the Upside, Resistance is at 123.20 to 123.80 and 124.50 beyond that a test of 125.50 to 126.20 is likely.Beyond that .Day traders can sell at 126.80 and hold.

stay tuned..

Support is at 951 and 936 to 931 below that 912 to 907 should contain

a decline today

Resistance is at 961 and the 968 to 972.region Beyond that resistance is at 1000

to 1011.

Support is at 6202 and 6187. Day traders can buy at 6187 and risk 100 pts.

Below that 6132 to 6112 should hold. .

Support is at 5582 to 5557 and the 5532 region.

Below that 5432 should hold. Day traders can buy at 5432 and hold for higher prices...

Resistance should appear at 5617 and 5632 beyoind that sellers should appear near 5717 to 5732.

Support is at 5802 to 5792 and 5727 to 5717

Resistance is at 5857 to 5887 and the 5945 to 5957.

Support is at near the 5367 region. Below that Buyers should appear near 5337.

Under that support is at 5247 to 5217.

Resistance is at 5517 and 5547. Beyond that sellers should appear near 5667 and the 5717 to 5732 Day traders can sell at 5667 and hold for lower prices..

On The DownSide nearby support is at 118-04 then 117-29 Below that buyers should appear near 117-04 to 116-25 where it should hold.

On the Upside: Resistance is at 118-21 and 118-26, beyond that a test of

119-03 is likely. .

June SP 500
On the DownSide , Early support is at 1348.40 and 1346, under that support is at 1340.90 to 1340 and 1334 Below that buyers should appear at 1324.90 to 1322.

Below that support should appear near 1316.70 Under that support is at 1312.80 and the 1310 to 1306 / 1304 region where it should hold.

Resistance is at 1356.90 beyond that a test of 1361.50 is likely. A close over 1361.50 is freindly and augurs for aeventual test of 1372.80 and 1377 to 1383.

.

Resistance is at 10,934 and 10,960 to 10,985 beyond that sellers should appear near the 11,010 to 11,029 region. Beyond that resistance is at 11,072.