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Strategies & Market Trends : Technical analysis for shorts & longs -- Ignore unavailable to you. Want to Upgrade?

To: Teresa Lo who wrote (18102)	10/21/1998 9:36:00 PM
From: Teresa Lo	Respond to of 69809

Dow Industrials and Transports: Today's Technicals Dow Jones Industrials The index found resistance in the 8600 area yesterday and pulled pack slightly today but still made a higher closing high than yesterday, giving the index potential to break the bearish shooting star seen on yesterday's daily chart and not confirming that a short term high has been seen. Resistance above is at yesterday's high of 8652 with the next level of resistance above at 8780. Major support is seen at 8200 and at 8056, supplied by the 30 day moving average. The index is still trading above the moving average and momentum is still up. Dow Jones Transports The index found resistance at yesterday's highs, clearly making a shooting star pattern. Today it closed down, confirming the short term high seen yesterday. The index is still trading above its 30 day moving average at 2650 which provides support.