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Strategies & Market Trends : News Links and Chart Links

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Nov 28 4:00 PM EST

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To: Softechie who wrote (5256)	1/29/2003 12:05:00 PM
From: Softechie	Read Replies (1) of 29601

CHARTING MARKETS: Dollar To Continue Technically Weak 29 Jan 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. 115-03 98.85 8389.26 1393.36 884.25 6767.32 First Resist. 114-25 98.75 8242.91 1358.09 869.45 6622.76 First Support 113-16 98.58 7835.82 1312.38 844.25 6469.83 Next Support 112-10 98.44 7579.70 1278.35 835.15 6399.64 EUR/$ $/Yen Nikkei JGB CRB Gold Crude 225 (TSE) (Comex) (Nymex) Next Resist. 1.1029 120.63 8829 143.11 246.02 388.70 34.80 First Resist. 1.0923 119.51 8714 142.96 245.21 379.80 33.15 First Support 1.0789 117.32 8378 142.76 243.47 365.00 31.65 Next Support 1.0620 116.71 8197 142.67 242.09 357.90 30.98 T-Note: Technical levels are unchanged. The short-term market is consolidating between first support and first resistance. A dip to first support is still likely. Eurodollar: Technical levels remain unchanged. The important intraday level is still 98.70. The long-term market is bullish. Nasdaq: The short-term index is now technically strong above intraday 1335.09. S&P 500: Look for steady to higher trading early. DJIA: Rallies are likely to be turned back at first resistance. TSE 300: A test of first resistance is likely. CRB Index: A corrective pullback to first support can be expected. Gold: First resistance is now a potential top. Crude: The nearby has lapsed into consolidation between first support and first resistance. Steady-to-lower trading is probable now. EUR/USD: Technical levels are unchanged. However, two tests of first support this week have increased the chance for a move up to first resistance. JGB: Look for steady to lower trading. USD/JPY: Poor upside followthrough above intraday 118.54 is weakening the short-term market. Nikkei 225: Tuesday's move below short-term trendline support means lower trading. 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 01-29-03 0715ET

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