The market has held at the delicate and fateful 96 level (Dew, Jones), which we predicted it would reach several weeks ago. Traders are on pine and needier because every indication is that it cannot maintain this tightrope position for very long and that a sharp movement may be expected as a matter of the next few trading hours. It is the business of predicting the direction of the movement that has the experts worried. Unless prices, immediately push up through that tricky 96 level, a reaction to the 90-92 point may be expected. Repeating our advice of last week, we warn against buying until the reaction has taken place. Swing students can ride through the reaction, but traders should accept the several points profit on recent mendations, notably Harvester and Chrysler, which show some severs points each.
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$4175 IN NEW AWARDS GIVEN BY UNIVERSITY
