The Pattern Trapper for Friday, March 23, 2001

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Pattern Signal Firings Page
Highest Potential Setups for Friday, March 23, 2001
(Selected from market categories OTHER than the Indices or Interest Rates)

Lean Hogs April Lean Hogs has fired NR7 and Inside Day 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 that we're likely to have a breakout in store either today, or over the next few days. 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. Cycle Indicators appear as if a short term cyclical top has recently been defined (chart at left). The NR7/Inside Day signal combination tells us to be ready for a move in either direction. Trade the break of yesterday's 64.400 high to 63.375 low range with a stop and reverse on the opposite side as the entry. Price action relative to today's 63.975 Daily Pivot level may provide clues for earlier entry.
Corn May Corn has fired 90-10 Low Continuation & Reversal, High Breakout Continuation Setup, and Momentum Pinball Buy 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. The High Breakout Continuation Setup signal implies significant upside IF yesterday's high happens to be taken out. The Momentum Pinball Buy signal suggests that we'd want to consider longs if price is strong enough to break the first hour high. Odds favor continued downside in today's early trading. Sell the break of yesterday's 205^0 low, or even earlier if price demonstrates weakness below the 206^1 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 203^2 or the Extended Low Range Projection level of 202^1 would be likely areas for such a reversal to take place.

Pattern Signals, Pivot Levels, and
Range Projections for Friday, March 23, 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	Jun SPM1	2 Day ROC Buy	R2 1156.83 R1 1138.17 DP 1113.33 S1 1094.67 S2 1069.83	Hi 1141.25 1157.87 Low 1097.75 1081.13
Dow Jones	Jun DJM1	2 Day ROC Buy	R2 9777 R1 9603 DP 9375 S1 9201 S2 8973	Hi 9629 9783 Low 9227 9073
Nasdaq 100	Jun NDM1	2 Day ROC Buy 90-10 High Continuation	R2 1808.00 R1 1764.00 DP 1683.00 S1 1639.00 S2 1558.00	Hi 1782.50 1830.25 Low 1657.50 1609.75
Russell 2000	Jun RLM1	2 Day ROC Buy Wide Range Upside Rev	R2 451.07 R1 443.63 DP 432.57 S1 425.13 S2 414.07	Hi 445.45 452.52 Low 426.95 419.88

INTEREST RATES

Pattern Signals

Pivot System S&R

Range: Normal/Ext.

US T-Bond	Jun USM1	No Pattern Signals fired	R2 107´23 R1 107´10 DP 106´26 S1 106´13 S2 105´29	Hi 107´11 107´22 Low 106´14 106´02
US 10 Yr. T-Note	Jun TYM1	Low Breakout Cont. Setup	R2 107.6980 R1 107.4580 DP 107.1350 S1 106.8960 S2 106.5730	Hi 107.5000 107.7150 Low 106.9380 106.7230

CURRENCIES

Pattern Signals

Pivot System S&R

Range: Normal/Ext.

British Pound	Jun BPM1	2 Day ROC Sell	R2 1.4240 R1 1.4212 DP 1.4186 S1 1.4158 S2 1.4132	Hi 1.4211 1.4232 Low 1.4157 1.4136
Canadian Dollar	Jun CDM1	NR7 Signal 90-10 Low Continuation	R2 0.6387 R1 0.6370 DP 0.6361 S1 0.6344 S2 0.6335	Hi 0.6366 0.6376 Low 0.6340 0.6330
EuroFX	Jun ECM1	No Pattern Signals fired	R2 0.8953 R1 0.8918 DP 0.8878 S1 0.8843 S2 0.8803	Hi 0.8922 0.8950 Low 0.8846 0.8818
Japanese Yen	Jun JYM1	No Pattern Signals fired	R2 0.8217 R1 0.8198 DP 0.8165 S1 0.8146 S2 0.8113	Hi 0.8204 0.8224 Low 0.8152 0.8132
Swiss Franc	Jun SFM1	No Pattern Signals fired	R2 0.5875 R1 0.5849 DP 0.5821 S1 0.5795 S2 0.5767	Hi 0.5849 0.5870 Low 0.5795 0.5774

LIVESTOCK

Pattern Signals

Pivot System S&R

Range: Normal/Ext.

Feeder Cattle	May FCK1	No Pattern Signals fired	R2 88.525 R1 88.100 DP 87.525 S1 87.100 S2 86.525	Hi 88.175 88.557 Low 87.175 86.793
Live Cattle	Apr LCJ1	No Pattern Signals fired	R2 79.158 R1 78.642 DP 77.833 S1 77.317 S2 76.508	Hi 78.787 79.294 Low 77.463 76.956
Lean Hogs	Apr LHJ1	NR7 with an Inside Day	R2 65.000 R1 64.575 DP 63.975 S1 63.550 S2 62.950	Hi 64.662 65.054 Low 63.638 63.246

GRAINS

Pattern Signals

Pivot System S&R

Range: Normal/Ext.

Corn	May CK1	90-10 Low Cont. & Rev High Breakout Cont. Setup Momentum Pinball Buy	R2 209.75 R1 207.50 DP 206.25 S1 204.00 S2 202.75	Hi 207.00 208.34 Low 203.50 202.16
Wheat	May WK1	Low Range Close High Breakout Cont. Setup	R2 267.25 R1 263.50 DP 261.25 S1 257.50 S2 255.25	Hi 262.75 265.04 Low 256.75 254.46
Soybeans	May SK1	Low Range Close Momentum Pinball Buy	R2 441.75 R1 438.00 DP 435.75 S1 432.00 S2 429.75	Hi 437.25 439.54 Low 431.25 428.96
Soybean Meal	May SMK1	NR7 Signal	R2 150.7 R1 149.9 DP 148.9 S1 148.1 S2 147.1	Hi 150.1 150.8 Low 148.3 147.6
Soybean Oil	May BOK1	90-10 Low Continuation High Breakout Cont. Setup Momentum Pinball Buy	R2 16.09 R1 16.00 DP 15.95 S1 15.86 S2 15.81	Hi 15.98 16.03 Low 15.84 15.79

ENERGY

Pattern Signals

Pivot System S&R

Range: Normal/Ext.

Crude Oil	May CLK1	Low Range Close	R2 27.49 R1 27.01 DP 26.72 S1 26.24 S2 25.95	Hi 26.93 27.22 Low 26.16 25.86
Heating Oil	Apr HOJ1	No Pattern Signals fired	R2 0.7481 R1 0.7372 DP 0.7261 S1 0.7152 S2 0.7041	Hi 0.7373 0.7457 Low 0.7153 0.7069
Natural Gas	Apr NGJ1	90-10 High Continuation	R2 5.357 R1 5.285 DP 5.147 S1 5.075 S2 4.937	Hi 5.317 5.397 Low 5.107 5.027

METALS

Pattern Signals

Pivot System S&R

Range: Normal/Ext.

Gold	Apr GCJ1	NR7 with an Inside Day	R2 263.6 R1 262.5 DP 261.5 S1 260.4 S2 259.4	Hi 262.5 263.3 Low 260.4 259.5
Silver	May SIK1	90-10 High Cont. & Rev	R2 439.5 R1 437.5 DP 434.0 S1 432.0 S2 428.5	Hi 438.3 440.4 Low 432.8 430.6
Copper	May HGK1	No Pattern Signals fired	R2 79.83 R1 79.12 DP 78.58 S1 77.87 S2 77.33	Hi 79.03 79.50 Low 77.78 77.30

FOODS & FIBER

Pattern Signals

Pivot System S&R

Range: Normal/Ext.

Orange Juice	May JOK1	No Pattern Signals fired	R2 77.73 R1 76.97 DP 76.23 S1 75.47 S2 74.73	Hi 76.95 77.52 Low 75.45 74.88
Sugar	May SBK1	2 Day ROC Sell 90-10 Low Continuation Momentum Pinball Buy	R2 8.86 R1 8.66 DP 8.55 S1 8.35 S2 8.24	Hi 8.62 8.73 Low 8.31 8.19
Cocoa	May CCK1	2 Day ROC Buy 90-10 High Cont. & Rev Low Breakout Cont. Setup Momentum Pinball Sell	R2 1075 R1 1049 DP 1005 S1 979 S2 935	Hi 1059 1086 Low 989 962
Coffee	May KCK1	No Pattern Signals fired	R2 62.13 R1 61.17 DP 60.28 S1 59.32 S2 58.43	Hi 61.13 61.83 Low 59.28 58.57
Cotton	May CTK1	90-10 Low Continuation	R2 48.71 R1 47.93 DP 47.51 S1 46.73 S2 46.31	Hi 47.74 48.20 Low 46.54 46.08

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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