The Pattern Trapper for Thursday, December 14, 2000

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Highest Potential Futures
Setups for Thursday, December 14, 2000

Nasdaq 100 March Nasdaq 100 futures have fired 90-10 Low Continuation & Reversal signals for today's trading. The 90-10 Low Continuation & Reversal signal tells us to look for morning follow through on the weak close, but to expect a likely reversal once the initial move has bottomed. Cycle Indicators (chart at left) appear as if a short term cyclical top has recently been defined and the larger trend is to lower prices. Odds favor continued downside in today's early trading. Sell the break of yesterday's 2785.00 low, or even earlier if price demonstrates weakness below the 2857.00 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 support levels. Our Normal Low Range Projection level of 2695.00 or the Extended Low Range Projection level of 2617.00 would be likely areas for such a reversal to take place.
Lean Hogs February Lean Hogs has fired Low Historical Volatility and NR7 signals for today's trading. The Low Historical Volatility and NR7 signals are a very potent combination that usually precedes big fast moves. Breakouts under these conditions often last for several days. Good potential for a multi-day swing trade. Cycle Indicators (chart at left) appear as if a short term cyclical top has recently been defined, but the larger trend is to higher prices. Activity from the Low Historical Volatility/NR7 combination can be so volatile that you don't want to be caught on the wrong side. Be ready for a move in either direction. Trade the break of yesterday's 59.050 high to 58.650 low range. If entered long, place a stop and reverse on the break of yesterday's low. If entered short, stop and reverse on the break of yesterday's high. Price action relative to today's 58.825 Daily Pivot level may provide clues for earlier entry.
Soybean Oil January Soybean Oil has fired NR7, Inside Day, 2 Day ROC Buy, and Low Range Close signals for today's trading. The NR7 signal tells us to expect range expansion and a pickup in volatility. The Inside Day signal is fired when the day's trading occurs within the range of the prior day. A subsequent breakout of an Inside Day's range typically points the way of the next trend move. The 2 Day ROC Buy signal suggests that today's principle trade direction should be to the upside, but the Low Range Close signal implies that yesterday's late day weakness should carry on through to this morning's trading. The NR7/Inside Day signal combination tells us to stand ready for a strong impulse move in either direction. Trade the break of yesterday's 15.06 high to 14.91 low range with a stop and reverse on the opposite side as the entry. Price action relative to today's 14.97 Daily Pivot level may provide clues for earlier entry.

Pattern Signals, Pivot Levels, and
Range Projections for Thursday, December 14, 2000

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.

INTEREST RATES

Pattern Signals

Pivot System S&R

Range Projections
Normal/Extended

US T-Bonds	Mar USH1	90-10 High Cont. & Rev Momentum Pinball Sell	R2 104-17 R1 104-10 DP 103-29 S1 103-22 S2 103-09	Hi 104-13 104-21 Low 103-25 103-17
US 10 Yr. T-Notes	Mar TTH1	90-10 High Cont. & Rev Momentum Pinball Sell	R2 104-08 R1 104-04 DP 103-28 S1 103-24 S2 103-16	Hi 104-06 104-11 Low 103-26 103-21

INDEXES

Pattern Signals

Pivot System S&R

Range: Normal/Ext.

S&P; 500	Mar SPH1	90-10 Low Continuation	R2 1419 R1 1398 DP 1388 S1 1367 S2 1357	Hi 1393 1405 Low 1362 1350
Dow Jones	Mar DJH1	2 Day ROC Sell 90-10 Low Continuation Low Breakout Cont. Setup	R2 11118 R1 11017 DP 10963 S1 10862 S2 10808	Hi 10993 11052 Low 10838 10778
Nasdaq 100	Mar NDH1	90-10 Low Cont. & Rev	R2 3061 R1 2929 DP 2857 S1 2725 S2 2653	Hi 2899 2977 Low 2695 2617
Russell 2000	Mar RLH1	90-10 Low Cont. & Rev High Breakout Cont. Setup	R2 494.33 R1 484.92 DP 479.58 S1 470.17 S2 464.83	Hi 482.88 488.51 Low 468.13 462.49

CURRENCIES

Pattern Signals

Pivot System S&R

Range: Normal/Ext.

British Pound	Mar BPH1	Low Breakout Cont. Setup	R2 1.4622 R1 1.4594 DP 1.4550 S1 1.4522 S2 1.4478	Hi 1.4602 1.4630 Low 1.4530 1.4503
Canadian Dollar	Mar CDH1	2 Day ROC Buy	R2 0.6627 R1 0.6610 DP 0.6581 S1 0.6564 S2 0.6535	Hi 0.6615 0.6633 Low 0.6569 0.6551
EuroFX	Mar ECH1	No Pattern Signals fired	R2 0.8863 R1 0.8829 DP 0.8805 S1 0.8771 S2 0.8747	Hi 0.8824 0.8846 Low 0.8766 0.8744
Japanese Yen	Mar JYH1	2 Day ROC Sell	R2 0.9072 R1 0.9053 DP 0.9036 S1 0.9017 S2 0.9000	Hi 0.9051 0.9065 Low 0.9015 0.9001
Swiss Franc	Mar SFH1	2 Day ROC Sell	R2 0.5915 R1 0.5894 DP 0.5879 S1 0.5858 S2 0.5843	Hi 0.5891 0.5905 Low 0.5855 0.5841

LIVESTOCK

Pattern Signals

Pivot System S&R

Range: Normal/Ext.

Feeder Cattle	Jan FCF1	NR4 with an Inside Day 2 Day ROC Sell	R2 91.642 R1 91.433 DP 91.217 S1 91.008 S2 90.792	Hi 91.438 91.600 Low 91.012 90.850
Live Cattle	Feb LCG1	Low Breakout Cont. Setup	R2 78.167 R1 77.833 DP 77.442 S1 77.108 S2 76.717	Hi 77.863 78.139 Low 77.137 76.861
Lean Hogs	Feb LHG1	Low Hist Vol with NR7	R2 59.233 R1 59.017 DP 58.833 S1 58.617 S2 58.433	Hi 59.000 59.153 Low 58.600 58.447

GRAINS

Pattern Signals

Pivot System S&R

Range: Normal/Ext.

Corn	Mar CH1	2 Day ROC Buy	R2 219.50 R1 218.50 DP 217.00 S1 216.00 S2 214.50	Hi 218.75 219.71 Low 216.25 215.29
Wheat	Mar WH1	NR4 Signal 2 Day ROC Buy High Breakout Cont. Setup	R2 273.92 R1 272.08 DP 270.67 S1 268.83 S2 267.42	Hi 271.88 273.12 Low 268.63 267.38
Soybeans	Jan SF1	NR4 Signal High Breakout Cont. Setup	R2 511.17 R1 508.83 DP 506.92 S1 504.58 S2 502.67	Hi 508.63 510.25 Low 504.38 502.75
Soybean Meal	Jan SMF1	Low Hist Vol with NR7	R2 191.4 R1 190.5 DP 189.7 S1 188.8 S2 188.0	Hi 190.6 191.2 Low 188.9 188.2
Soybean Oil	Jan BOF1	NR7 with an Inside Day 2 Day ROC Buy Low Range Close	R2 15.12 R1 15.03 DP 14.97 S1 14.88 S2 14.82	Hi 15.02 15.07 Low 14.87 14.81

ENERGY

Pattern Signals

Pivot System S&R

Range: Normal/Ext.

Crude Oil	Jan CLF1	2 Day ROC Sell Low Range Close	R2 30.55 R1 29.65 DP 29.07 S1 28.17 S2 27.59	Hi 29.48 30.05 Low 28.00 27.43
Heating Oil	Jan HOF1	2 Day ROC Sell 90-10 Low Continuation	R2 1.0046 R1 0.9571 DP 0.9311 S1 0.8836 S2 0.8576	Hi 0.9464 0.9745 Low 0.8730 0.8449

METALS

Pattern Signals

Pivot System S&R

Range: Normal/Ext.

Gold	Feb GCG1	No Pattern Signals fired	R2 274.2 R1 272.7 DP 271.5 S1 270.0 S2 268.8	Hi 272.5 273.6 Low 269.9 268.8
Silver	Mar SIH1	2 Day ROC Sell	R2 475.3 R1 472.7 DP 470.8 S1 468.2 S2 466.3	Hi 472.3 474.0 Low 467.8 466.0

FOODS & FIBER

Pattern Signals

Pivot System S&R

Range: Normal/Ext.

Orange Juice	Jan JOF1	Momentum Pinball Buy	R2 82.80 R1 81.95 DP 81.25 S1 80.40 S2 79.70	Hi 81.88 82.47 Low 80.32 79.73
Sugar	Mar SBH1	Low Hist Vol with WRD Low Range Close Momentum Pinball Buy	R2 9.87 R1 9.64 DP 9.50 S1 9.27 S2 9.13	Hi 9.60 9.74 Low 9.23 9.08
Cocoa	Mar CCH1	NR7 Signal 2 Day ROC Buy	R2 730 R1 727 DP 722 S1 719 S2 714	Hi 727 730 Low 719 716
Coffee	Mar KCH1	NR7 with an Inside Day 2 Day ROC Sell	R2 69.37 R1 68.68 DP 68.22 S1 67.53 S2 67.07	Hi 68.57 69.01 Low 67.43 66.99
Cotton	Mar CTH1	90-10 Low Continuation	R2 66.31 R1 65.67 DP 65.31 S1 64.67 S2 64.31	Hi 65.53 65.91 Low 64.53 64.15

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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