The Pattern Trapper for Thursday, January 18, 2001

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Highest Potential Setups
for Thursday, January 18, 2001

Lean Hogs February Lean Hogs has fired 2 Day ROC Buy, 90-10 High Continuation & Reversal, Low Breakout Continuation Setup, and Momentum Pinball Sell signals for today's trading. . The 2 Day ROC Buy signal implies that today's principle trade direction should be to the upside. The 90-10 High Continuation & Reversal signal is telling us to look for morning follow through on the strong close, but to expect a likely reversal once the initial move has topped. The Low Breakout Continuation Setup signal implies significant downside IF yesterday's low happens to be taken out. The Momentum Pinball Sell signal suggests that IF the first hour's low happens to be broken, the market is telling us something completely different than originally assessed, and we'd want to consider a short position. Odds favor continued upside in today's early trading. Buy the break of yesterday's 57.500 high, or even earlier if price can demonstrate strength above 57.000 level of the Daily Pivot. But stand prepared to exit or even reverse if we get appropriate price reversal patterns and/or Oscillator Divergence near important resistance levels. Our Normal High Range Projection level of 58.075 or the Extended High Range Projection level of 58.610 would be likely areas for such a reversal to take place.
Wheat March Wheat has fired NR7, 90-10 Low Continuation, and High Breakout Continuation Setup signals for today's trading. The NR7 signal is triggered when the range of the day's trading is the narrowest of the last seven days. It tells us to expect range expansion and a pickup in volatility with a likely breakout in store either today, or over the next few days. The 90-10 Low Continuation signal tells us that yesterday's late day move lower is likely to continue on into today. The High Breakout Continuation Setup signal implies significant upside IF yesterday's high happens to be taken out. Cycle Indicators (chart at left) appear as if a short term cyclical top has recently been defined. Odds favor further downside in early morning trade. Sell the break of yesterday's 282^1 low with a stop just above the 283^2 level of today's Daily Pivot. Price weakness below the DP may provide clues for earlier entry.

Pattern Signals, Pivot Levels, and
Range Projections for Thursday, January 18, 2001

The Pattern Signal links below are available to paid subscribers only. Each link provides a detailed discussion of the Signals triggered, the setup parameters required for them to fire, and a few techniques to best take advantage of the market information that they offer. Click here for a sample of what is available.

INDICES

Pattern Signals

Pivot System S&R

Range Projections
Normal/Extended

S&P; 500	Mar SPH1	2 Day ROC Buy	R2 1367.90 R1 1354.80 DP 1344.90 S1 1331.80 S2 1321.90	Hi 1353.20 1361.99 Low 1330.20 1321.41
Dow Jones	Mar DJH1	2 Day ROC Sell	R2 10908 R1 10785 DP 10698 S1 10575 S2 10488	Hi 10768 10848 Low 10558 10478
Nasdaq 100	Mar NDH1	2 Day ROC Buy	R2 2693.83 R1 2637.67 DP 2598.83 S1 2542.67 S2 2503.83	Hi 2629.00 2665.29 Low 2534.00 2497.71
Russell 2000	Mar RLH1	NR4 Signal	R2 510.50 R1 504.75 DP 500.50 S1 494.75 S2 490.50	Hi 504.00 507.82 Low 494.00 490.18

INTEREST RATES

Pattern Signals

Pivot System S&R

Range: Normal/Ext.

US T-Bond	Mar USH1	Wide Range Upside Rev Momentum Pinball Sell	R2 105´11 R1 104´23 DP 103´23 S1 103´03 S2 102´03	Hi 104´28 105´16 Low 103´08 102´20
US 10 Yr. T-Note	Mar TYH1	Wide Range Upside Rev Momentum Pinball Sell	R2 105.9900 R1 105.5100 DP 104.8330 S1 104.3540 S2 103.6770	Hi 105.6090 106.0510 Low 104.4530 104.0110

CURRENCIES

Pattern Signals

Pivot System S&R

Range: Normal/Ext.

British Pound	Mar BPH1	NR4 Signal 2 Day ROC Buy	R2 1.4785 R1 1.4763 DP 1.4735 S1 1.4713 S2 1.4685	Hi 1.4765 1.4784 Low 1.4715 1.4696
Canadian Dollar	Mar CDH1	No Pattern Signals fired	R2 0.6653 R1 0.6636 DP 0.6623 S1 0.6606 S2 0.6593	Hi 0.6633 0.6644 Low 0.6603 0.6592
EuroFX	Mar ECH1	No Pattern Signals fired	R2 0.9459 R1 0.9410 DP 0.9357 S1 0.9308 S2 0.9255	Hi 0.9411 0.9450 Low 0.9309 0.9270
Japanese Yen	Mar JYH1	2 Day ROC Sell 90-10 Low Continuation	R2 0.8640 R1 0.8566 DP 0.8526 S1 0.8452 S2 0.8412	Hi 0.8548 0.8592 Low 0.8434 0.8390
Swiss Franc	Mar SFH1	High Breakout Cont. Setup	R2 0.6166 R1 0.6132 DP 0.6101 S1 0.6067 S2 0.6036	Hi 0.6131 0.6155 Low 0.6065 0.6041

LIVESTOCK

Pattern Signals

Pivot System S&R

Range: Normal/Ext.

Feeder Cattle	Mar FCH1	NR4 Signal	R2 90.125 R1 89.900 DP 89.625 S1 89.400 S2 89.125	Hi 89.925 90.116 Low 89.425 89.234
Live Cattle	Feb LCG1	2 Day ROC Sell	R2 81.267 R1 80.733 DP 80.217 S1 79.683 S2 79.167	Hi 80.725 81.126 Low 79.675 79.274
Lean Hogs	Feb LHG1	2 Day ROC Buy 90-10 High Cont. & Rev Low Breakout Cont. Setup Momentum Pinball Sell	R2 58.392 R1 57.883 DP 56.992 S1 56.483 S2 55.592	Hi 58.075 58.610 Low 56.675 56.140

GRAINS

Pattern Signals

Pivot System S&R

Range: Normal/Ext.

Corn	Mar CH1	NR4 Signal	R2 219.33 R1 218.42 DP 217.08 S1 216.17 S2 214.83	Hi 218.63 219.48 Low 216.38 215.52
Wheat	Mar WH1	NR7 Signal 90-10 Low Continuation High Breakout Cont. Setup	R2 286.67 R1 284.58 DP 283.42 S1 281.33 S2 280.17	Hi 284.13 285.37 Low 280.88 279.63
Soybeans	Mar SH1	2 Day ROC Sell Low Range Close High Breakout Cont. Setup	R2 482.92 R1 477.83 DP 474.67 S1 469.58 S2 466.42	Hi 476.88 480.03 Low 468.63 465.47
Soybean Meal	Mar SMH1	2 Day ROC Sell 90-10 Low Continuation	R2 180.3 R1 178.0 DP 176.6 S1 174.3 S2 172.9	Hi 177.4 178.9 Low 173.8 172.3
Soybean Oil	Mar BOH1	No Pattern Signals fired	R2 14.80 R1 14.71 DP 14.61 S1 14.52 S2 14.42	Hi 14.72 14.79 Low 14.53 14.45

ENERGY

Pattern Signals

Pivot System S&R

Range: Normal/Ext.

Crude Oil	Mar CLH1	Momentum Pinball Buy	R2 28.81 R1 28.31 DP 27.74 S1 27.24 S2 26.67	Hi 28.34 28.74 Low 27.27 26.86
Heating Oil	Mar HOH1	2 Day ROC Sell	R2 0.8097 R1 0.7960 DP 0.7812 S1 0.7675 S2 0.7527	Hi 0.7965 0.8073 Low 0.7679 0.7571
Natural Gas	Mar NGH1	2 Day ROC Sell Low Range Close Momentum Pinball Buy	R2 7.958 R1 7.306 DP 6.928 S1 6.276 S2 5.898	Hi 7.169 7.562 Low 6.139 5.746

METALS

Pattern Signals

Pivot System S&R

Range: Normal/Ext.

Gold	Feb GCG1	High Breakout Cont. Setup	R2 265.3 R1 264.5 DP 263.8 S1 263.0 S2 262.3	Hi 264.5 265.1 Low 263.0 262.5
Silver	Mar SIH1	2 Day ROC Sell	R2 482.8 R1 478.7 DP 475.8 S1 471.7 S2 468.8	Hi 478.0 480.7 Low 471.0 468.3
Copper	Mar HGH1	Inside Day	R2 83.75 R1 83.25 DP 82.60 S1 82.10 S2 81.45	Hi 83.32 83.76 Low 82.18 81.74

FOODS & FIBER

Pattern Signals

Pivot System S&R

Range: Normal/Ext.

Orange Juice	Mar JOH1	Low Breakout Cont. Setup	R2 79.27 R1 78.63 DP 77.87 S1 77.23 S2 76.47	Hi 78.70 79.23 Low 77.30 76.77
Sugar	Mar SBH1	90-10 Low Continuation Low Breakout Cont. Setup	R2 10.43 R1 10.24 DP 10.15 S1 9.96 S2 9.87	Hi 10.20 10.31 Low 9.92 9.81
Cocoa	Mar CCH1	90-10 High Cont. & Rev Momentum Pinball Sell	R2 1052 R1 1021 DP 962 S1 931 S2 872	Hi 1035 1069 Low 945 911
Coffee	Mar KCH1	Momentum Pinball Sell	R2 74.00 R1 72.10 DP 69.35 S1 67.45 S2 64.70	Hi 72.53 74.30 Low 67.88 66.10
Cotton	Mar CTH1	NR7 Signal Low Range Close	R2 61.15 R1 60.84 DP 60.64 S1 60.33 S2 60.13	Hi 60.78 60.97 Low 60.27 60.07

Statement of disclaimer: This information was compiled from sources believed to be reliable, but its accuracy cannot be guaranteed. There is substantial risk of loss in futures trading. There is no warranty, express or implied, in regards to the fitness of this information for any particular purpose. Past performance is not a guarantee of future results.

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