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Strategies & Market Trends : News Links and Chart Links

SPXL 221.78

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To: Jon K. who started this subject	4/28/2003 9:30:04 AM
From: Softechie	of 29602

CHARTING MARKETS: US Stock Indexes Headed Lower Early 28 Apr 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. 115-25 98.87 8522.18 1478 72 924.58 6634.30 First Resist. 115-07 98.84 8417.32 1461.40 906.04 6622.76 First Support 114-10 98.75 8286.53 1422.10 887.35 6504.09 Next Support 113-26 98.70 8069.86 1397.52 878.50 6493.14 EUR/$ $/Yen Nikkei JGB CRB Gold Crude 225 (TSE) (Comex) (Nymex) Next Resist. 1.1195 122.45 8935 143.56 235.31 339.90 27.07 First Resist. 1.1083 121.30 7752 143.51 234.78 337.20 26.99 First Support 1.0923 119.01 7580 143.41 232.19 329.50 24.97 Next Support 1.0834 118.56 7474 143.38 229.50 325.70 23.38 T-Note: Technical levels are unchanged. The nearby contract is technically strong above first support. Look for a test of first resistance. Eurodollar: Both first and second resistance are a potential tops. Nasdaq: A move below second support will be a strong caution signal to the bulls. S&P 500: The index is seriously weak below first resistance. DJIA: A move below first support will be a technical breakdown on the daily chart. TSE 300: Look for lower early trading. CRB Index: The index is strong above first support, which is a potential bottom. Gold: Look for steady-to-lower trading. Crude: Friday's settlement below first resistance was a technical breakdown. EUR/USD: Technical levels are unchanged, and steady-to-higher trading can be expected. JGB: Technical levels are unchanged. Trading will be light during the Golden Week holidays next week. But continue to look for steady-to-higher trading. USD/JPY: Trading will be light during the Golden Week holidays. The important intraday level is 120.82. Nikkei 225: Trading will be light during the Golden Week holidays. The index has turned technically weak, however. 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 04-28-03 0715ET

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