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Highest Potential Futures
Setups for Friday, September 8, 2000

S&P; 500 December S&P; 500 futures have fired NR4, Inside Day, and 2 Day ROC Buy signals for today's trading. The NR4 signal is triggered when the range of the day's trading is the narrowest of the last four 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 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 implies that today's principle trade direction should be to the upside. Although odds seem to favor that direction, the NR4/Inside Day signal combination tells us to be prepared for a large impulse move in either direction. Trade the break of yesterday's 1530.50 high to 1518.50 low range with a stop just past the most recent swing pivot extreme(swing pivot high if short - swing pivot low if long). Price action relative to today's 1526.00 Daily Pivot level may provide clues for earlier entry. Daytraders can use Range Projection levels as potential profit targets.

Canadian Dollar December Canadian Dollar has fired 2 Day ROC Buy and 90-10 High Continuation & Reversal 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 tells us to look for morning follow through on the strong close, but to expect a likely reversal once the initial move has topped. Odds favor continued upside in today's early trading. Buy the break of yesterday's .6788 high, or even earlier if price demonstrates strength above the .6777 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 .6803 or the Extended High Range Projection level of .6815 would be likely areas for such a reversal to take place.

Live Cattle October Live Cattle 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 can be taken out. The Momentum Pinball Sell signal suggests that we'd want to consider shorts if price is strong enough to break the first hour low. Odds favor continued upside in today's early trading. Buy the break of yesterday's 67.575 high, or even earlier if price can demonstrate strength above 67.175 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 68.075 or the Extended High Range Projection level of 68.525 would be likely areas for such a reversal to take place.