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CORE FUTURES
101 First Avenue, Sand Point, Idaho

(April 1, 2002) STOCK INDICES: Stocks are poised to break lower early in the week. The fact that the Dow future was turned away at the 10500 area is not friendly at all. It was the upper end of the expected range and should provide good resistance. Until we can manage a close above 116000 on the June S&P we are in a bearish looking formation. The entire complex between the SP, Nas and Dow look very vulnerable to selling this week. Until we can close at least two of the three index's above resistance we will expect a hard down week.

Key levels SPM 112700 & 116000; NDM 1415 & 1488; DJM 10320 & 10500

J. Mark Kinoff
www.corefutures.com
email: kinoff@corefutures.com

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