The Pattern Trapper for Thursday, December 5, 2002

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Pattern Signal Firings Page
Highest Potential Setups for Thursday, December 5, 2002
(Selected from market categories OTHER than the Indices or Interest Rates)

Canadian Dollar The December Canadian Dollar contract has fired NR7, Low Range Close, and Momentum Pinball Buy signals for today's trading. The NR7 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 Low Range Close signal tells us that yesterday's late day weakness should carry on through to this morning's trading. The Momentum Pinball Buy signal suggests that we'd want to consider longs if price is strong enough to break the first hour high. Cycle Indicators (chart at right) are moving into a region where short term cyclical tops often form. The NR7 signal tells us to stand prepared for a large impulse move in either direction. Trade the break of yesterday's .6420 high to .6405 low range with a stop and reverse on the opposite side as the entry. Price action relative to today's .6411 Daily Pivot level may provide clues for earlier entry.
Heating Oil January Heating Oil has fired 90-10 Low Continuation, High Breakout Continuation Setup, and Momentum Pinball Buy signals for today's trading. 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. The Momentum Pinball Buy signal suggests that IF the first hour's high happens to be broken, the market is telling us something completely different than originally assessed, and we'd want to consider a long position. Cycle Indicators (chart at right) appear as if a short term cyclical top has just been marked. The larger trend is to lower prices. Odds favor continued downside in today's early trading. Sell the break of yesterday's .7440 low with a stop just above the .7555 level of the Daily Pivot. Price weakness below the DP may provide clues for earlier entry.

Pattern Signals, Pivot Levels, and
Range Projections for Thursday, December 5, 2002

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	Dec SPZ2	No Pattern Signals fired	R2 935.13 R1 927.07 DP 917.93 S1 909.87 S2 900.73	Hi 927.60 934.17 Low 910.40 903.83
Dow Jones	Dec DJZ2	No Pattern Signals fired	R2 8903 R1 8823 DP 8734 S1 8654 S2 8565	Hi 8828 8892 Low 8659 8594
Nasdaq 100	Dec NDZ2	No Pattern Signals fired	R2 1099.00 R1 1085.00 DP 1070.00 S1 1056.00 S2 1041.00	Hi 1085.50 1096.58 Low 1056.50 1045.42
Russell 2000	Dec RLZ2	No Pattern Signals fired	R2 405.62 R1 401.93 DP 397.72 S1 394.03 S2 389.82	Hi 402.20 405.22 Low 394.30 391.28

INTEREST RATES

Pattern Signals

Pivot System S&R

Range: Normal/Ext.

US T-Bond	Mar USH3	NR7 Signal 2 Day ROC Buy	R2 109´08 R1 108´28 DP 108´21 S1 108´09 S2 108´02	Hi 108´27 109´02 Low 108´08 108´00
US 10 Yr. T-Note	Mar TYH3	2 Day ROC Buy	R2 111´27 R1 111´20 DP 111´13 S1 111´06 S2 110´31	Hi 111´20 111´25 Low 111´06 111´00

CURRENCIES

Pattern Signals

Pivot System S&R

Range: Normal/Ext.

British Pound	Dec BPZ2	2 Day ROC Sell 90-10 Low Cont. & Rev Low Breakout Cont. Setup	R2 1.5749 R1 1.5709 DP 1.5687 S1 1.5647 S2 1.5625	Hi 1.5701 1.5725 Low 1.5639 1.5615
Canadian Dollar	Dec CDZ2	NR7 Signal Low Range Close Momentum Pinball Buy	R2 0.6426 R1 0.6416 DP 0.6411 S1 0.6401 S2 0.6396	Hi 0.6415 0.6420 Low 0.6400 0.6394
EuroFX	Dec ECZ2	Low Hist Vol with NR7 2 Day ROC Buy	R2 1.004 R1 1.001 DP 1.000 S1 0.997 S2 0.996	Hi 1.001 1.003 Low 0.997 0.995
Japanese Yen	Dec JYZ2	High Breakout Cont. Setup	R2 0.8053 R1 0.8038 DP 0.8022 S1 0.8007 S2 0.7991	Hi 0.8038 0.8049 Low 0.8007 0.7995
Swiss Franc	Dec SFZ2	No Pattern Signals fired	R2 0.6824 R1 0.6808 DP 0.6796 S1 0.6780 S2 0.6768	Hi 0.6805 0.6816 Low 0.6777 0.6766

LIVESTOCK

Pattern Signals

Pivot System S&R

Range: Normal/Ext.

Feeder Cattle	Jan FCF3	Low Breakout Cont. Setup Momentum Pinball Sell	R2 86.000 R1 85.725 DP 85.275 S1 85.000 S2 84.550	Hi 85.813 86.089 Low 85.088 84.811
Live Cattle	Feb LCG3	2 Day ROC Buy 90-10 High Continuation	R2 80.042 R1 79.683 DP 78.992 S1 78.633 S2 77.942	Hi 79.850 80.251 Low 78.800 78.399
Lean Hogs	Feb LHG3	2 Day ROC Sell	R2 55.708 R1 55.117 DP 54.508 S1 53.917 S2 53.308	Hi 55.125 55.583 Low 53.925 53.467

GRAINS

Pattern Signals

Pivot System S&R

Range: Normal/Ext.

Corn	Mar CH3	No Pattern Signals fired	R2 242.42 R1 240.83 DP 238.92 S1 237.33 S2 235.42	Hi 241.00 242.34 Low 237.50 236.16
Wheat	Mar WH3	NR7 Signal 2 Day ROC Buy	R2 366.92 R1 364.33 DP 361.42 S1 358.83 S2 355.92	Hi 364.50 366.60 Low 359.00 356.90
Soybeans	Jan SF3	2 Day ROC Buy	R2 572.42 R1 569.33 DP 564.92 S1 561.83 S2 557.42	Hi 570.00 572.86 Low 562.50 559.64
Soybean Meal	Jan SMF3	NR4 Signal	R2 167.67 R1 167.03 DP 166.37 S1 165.73 S2 165.07	Hi 167.05 167.55 Low 165.75 165.25
Soybean Oil	Jan BOF3	Inside Day 2 Day ROC Buy 90-10 High Continuation	R2 22.22 R1 22.09 DP 21.88 S1 21.75 S2 21.54	Hi 22.14 22.27 Low 21.80 21.67

ENERGY

Pattern Signals

Pivot System S&R

Range: Normal/Ext.

Crude Oil	Jan CLF3	Low Range Close Momentum Pinball Buy	R2 27.98 R1 27.34 DP 26.96 S1 26.32 S2 25.94	Hi 27.22 27.61 Low 26.20 25.81
Heating Oil	Jan HOF3	90-10 Low Continuation High Breakout Cont. Setup Momentum Pinball Buy	R2 0.7885 R1 0.7669 DP 0.7555 S1 0.7339 S2 0.7225	Hi 0.7619 0.7745 Low 0.7289 0.7163
Natural Gas	Jan NGF3	No Pattern Signals fired	R2 4.469 R1 4.384 DP 4.279 S1 4.194 S2 4.089	Hi 4.393 4.466 Low 4.203 4.130

METALS

Pattern Signals

Pivot System S&R

Range: Normal/Ext.

Gold	Feb GCG3	No Pattern Signals fired	R2 325.8 R1 324.5 DP 323.1 S1 321.8 S2 320.4	Hi 324.5 325.5 Low 321.8 320.7
Silver	Mar SIH3	No Pattern Signals fired	R2 462.6 R1 460.1 DP 458.1 S1 455.6 S2 453.6	Hi 460.0 461.7 Low 455.5 453.7
Copper	Mar HGH3	No Pattern Signals fired	R2 76.78 R1 76.47 DP 75.98 S1 75.67 S2 75.18	Hi 76.55 76.86 Low 75.75 75.44

FOODS & FIBER

Pattern Signals

Pivot System S&R

Range: Normal/Ext.

Orange Juice	Jan JOF3	2 Day ROC Buy	R2 99.55 R1 99.10 DP 98.60 S1 98.15 S2 97.65	Hi 99.13 99.49 Low 98.18 97.81
Sugar	Mar SBH3	2 Day ROC Sell High Breakout Cont. Setup Momentum Pinball Buy	R2 7.90 R1 7.76 DP 7.65 S1 7.51 S2 7.40	Hi 7.75 7.84 Low 7.50 7.40
Cocoa	Mar CCH3	NR4 Signal 2 Day ROC Sell	R2 1877 R1 1862 DP 1844 S1 1829 S2 1811	Hi 1865 1877 Low 1832 1819
Coffee	Mar KCH3	No Pattern Signals fired	R2 71.63 R1 70.87 DP 69.93 S1 69.17 S2 68.23	Hi 70.95 71.60 Low 69.25 68.60
Cotton	Mar CTH3	Inside Day 2 Day ROC Buy Low Range Close	R2 49.08 R1 48.64 DP 48.36 S1 47.92 S2 47.64	Hi 48.56 48.84 Low 47.84 47.56

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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