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Strategies & Market Trends : The Player's Club -- Ignore unavailable to you. Want to Upgrade?

To: Chip McVickar who wrote (2532)	12/10/1999 12:03:00 PM
From: John Pitera	Respond to of 11513

Hi CHip, some spoos talking points:.. SP GLOBEX HIGH 1442.50;LOW 1427.90;CLOSE 1438.50 12/10/99 . Both sp mar futures and sp 500 cash tested their respective lows for December yesterday and thus far these tests are successful. Lows were made December 1, at 1406.50 for sp mar and 1387.38 for sp cash index. Yest lows were 1410.50 for sp mar and 1391.47 for sp 500 cash. Sp still has resistance to overcome. Comparable levels to the old 1420-1422 for dec sp are 1440-1442 for mar sp. If sp is able to trade over 1442.50, sp will break out of short term negative pattern that has been in force since last Friday's second hour high. Make initial resistance same as yest at 1429-1435. Over 1435.50, 1438- 1440. Over 1440.50, 1442, and over 1442.50, opens way to test Tuesday's high 1449.50. This week's high is 1455.50 seen Monday. Initial support assuming sp opens above its first resistance will turn into 1429-1435. Under 1428.50, 1425-1426. Under 1424.50, 1420-1422. Fair Value+1881;Buy+2040;Sell+1720