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Jeff Bailey : 3/30/2008 11:28:25 PM

Weekly, Monthly, Quarterly Index pivot matrix at this Link

Keene Little : 3/30/2008 11:23:55 PM

Monday's pivot tables: Link and Link

We've got a couple of parallel channels to watch on Monday, both of which could indicate the market is ready to bounce. The first is a down-channel for last week's price action, shown on this SPX 30-min chart which shows price bounced off it late Friday: Link . The next is a parallel up-channel for price action since March 12th, shown on this DOW 60-min chart which could tolerate a little lower to about 12150 before bouncing: Link

The DOW and SPX daily charts show the top of the potential sideways consolidation pattern for each is a little higher and another rally leg could do it before setting up the next leg down within the pattern. DOW: Link and SPX: Link . The DOW's key level at 12097 is closer than the equivalent one for SPX at 1295--any lower than those levels and the price pattern would turn more bearish.

Jeff Bailey : 3/30/2008 11:20:38 PM

DXY 71.687 ... low/high so far Sunday has been 71.613/71.823

Jeff Bailey : 3/30/2008 11:18:29 PM

Last two (2) and upcoming WEEKLY Pivot Matrix at this Link ... Maybe a little "bargain hunting" going on last week. NDX/QQQQ almost a test of WKLY R2 and didn't find week's high until Tuesday afternoon. RUT.X not as close to WKLY R2, but more than a couple points above WKLY R1.

BIX.X up/down really shown more in OEX on week-to-week basis.

DXY gives back most most, but not all of 3/16-3/21 bounce.

OI Technical Staff : 3/30/2008 9:59:59 PM

The Market Monitor has been archived. You may view it and any previous days here: Link

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