Win Lose or Draw : Be A Steve, Make A Call Message Board

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Strategies & Market Trends : Win Lose or Draw : Be A Steve, Make A Call

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To: Win-Lose-Draw who started this subject	2/25/2003 8:13:19 AM
From: Softechie	of 11447

*CHARTING MARKETS: Stock Market Near Technical Breakdown 25 Feb 07:15 A Dow Jones Newswires Column By Stephen Cox, CMT 10Y-Note Euro$ DJIA NASDAQ S&P TSE 300 (CBOT) (IMM) COMP 500 Next Resist. 116-10 98.85 8072.42 1345.88 852.87 6628.25 First Resist. 115-28 98.75 7921.30 1335.09 845.13 6596.43 First Support 114-28 98.60 7750.90 1292.20 826.70 6436.44 Next Support 114-04 98.55 7579.70 1278.85 808.59 6351.19 EUR/$ $/Yen Nikkei JGB CRB Gold Crude 225 (TSE) (Comex) (Nymex) Next Resist. 1.0923 121.00 8026 143.14 254.79 367.70 38.82 First Resist. 1.0857 119.95 8651 143.11 252.92 362.60 37.70 First Support 1.0620 117.32 8423 142.85 249.83 349.80 35.95 Next Support 1.0573 116.71 8303 142.78 247.44 344.30 34.70 T-Note: Technical levels are unchanged. Second resistance is a long-term upside breakout point. Eurodollar: Technical levels remain unchanged. But the now-leading June contract has edged above intraday 98.70. If that level holds in early trading, the contract has a shot at a rally. Nasdaq: A decisive move below intraday 1317.78 will be a long-term technical breakdown. S&P 500: An opening below intraday 835.15 is a caution signal to the bulls. DJIA: Decisive trading below intraday 7835.92 will be a technical breakdown. TSE 300: Look for steady to lower early trading. CRB Index: Monday's sharp move higher has renewed the long-term bull trend. Gold: Steady to slightly higher trading can be expected. Crude: The nearby is headed higher. Second resistance is a long-term technical target. EUR/USD: Technical levels are unchanged. Monday's late-day trading practically at intraday 1.0789 means that lower trading is a caution signal to theeuro bulls. JGB: Steady to higher trading is still likely. USD/JPY: Technical levels remain unchanged. Trading below intraday 118.50 means ongoing technical weakness. Nikkei 225: Technical levels are unchanged. Steady to lower trading appears likely. For more technical analysis see: Dow Jones Newswires, N/DJTA; Telerate, page 4247; Bloomberg, NI DJTA; and Reuters key word search "Charting Money". By Stephen Cox, Dow Jones Newswires; 201-938-2064; stephen.cox@dowjones.com (Stephen Cox, a chartered market technician, is chief technician for Dow Jones Newswires.) Data by CSI, Commodity Research Bureau (END) Dow Jones Newswires 02-25-03 0715ET

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