The Pattern Trapper for Friday, January 5, 2001

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Highest Potential Setups
for Friday, January 5, 2001

Japanese Yen March Japanese Yen has fired 2 Day ROC Sell, 90-10 Low Continuation & Reversal and Momentum Pinball Buy signals for today's trading. The 2 Day ROC Sell signal implies that today's principle trade direction should be to the downside. 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 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 .8733 low, or even earlier if price demonstrates weakness below the .8767 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 .8689 or the Extended Low Range Projection level of .8651 would be likely areas for such a reversal to take place.
Corn March Corn has fired NR4 and Inside Day 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 tells us that a break of yesterday's range will likely point the way of the next trend move. Cycle Indicators (chart at left) appear as if a short term cyclical top has recently been defined, but the NR4/Inside Day signal combination tells us to be ready for a move in either direction. Trade the break of yesterday's 230^1 high to 228^1 low range with a stop and reverse on the opposite side as the entry. Price action relative to today's 229^2 Daily Pivot level may provide clues for earlier entry.

Pattern Signals, Pivot Levels, and
Range Projections for Friday, January 5, 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	NR4 with an Inside Day	R2 1375.03 R1 1361.67 DP 1351.63 S1 1338.27 S2 1328.23	Hi 1360.00 1368.94 Low 1336.60 1327.66
Dow Jones	Mar DJH1	NR4 with an Inside Day	R2 11198 R1 11112 DP 11048 S1 10962 S2 10898	Hi 11100 11157 Low 10950 10893
Nasdaq 100	Mar NDH1	NR4 with an Inside Day Low Range Close	R2 2619.00 R1 2552.50 DP 2508.50 S1 2442.00 S2 2398.00	Hi 2541.25 2583.46 Low 2430.75 2388.54
Russell 2000	Mar RLH1	NR4 Signal 90-10 Low Continuation	R2 493.58 R1 486.17 DP 482.08 S1 474.67 S2 470.58	Hi 484.50 488.89 Low 473.00 468.61

INTEREST RATES

Pattern Signals

Pivot System S&R

Range: Normal/Ext.

US T-Bond	Mar USH1	90-10 High Cont. & Rev	R2 105´27 R1 105´16 DP 104´25 S1 104´14 S2 103´23	Hi 105´21 106´02 Low 104´19 104´06
US 10 Yr. T-Note	Mar TTH1	Inside Day 90-10 High Continuation	R2 106´03 R1 105´27 DP 105´09 S1 105´01 S2 104´15	Hi 105´31 106´09 Low 105´05 104´27

CURRENCIES

Pattern Signals

Pivot System S&R

Range: Normal/Ext.

British Pound	Mar BPH1	Inside Day 2 Day ROC Buy	R2 1.5083 R1 1.5045 DP 1.4983 S1 1.4945 S2 1.4883	Hi 1.5058 1.5096 Low 1.4958 1.4920
Canadian Dollar	Mar CDH1	No Pattern Signals fired	R2 0.6736 R1 0.6708 DP 0.6686 S1 0.6658 S2 0.6636	Hi 0.6706 0.6725 Low 0.6656 0.6637
EuroFX	Mar ECH1	NR4 with an Inside Day 2 Day ROC Buy	R2 0.9587 R1 0.9556 DP 0.9505 S1 0.9474 S2 0.9423	Hi 0.9565 0.9596 Low 0.9483 0.9452
Japanese Yen	Mar JYH1	2 Day ROC Sell 90-10 Low Cont. & Rev Momentum Pinball Buy	R2 0.8864 R1 0.8800 DP 0.8767 S1 0.8703 S2 0.8670	Hi 0.8785 0.8823 Low 0.8689 0.8651
Swiss Franc	Mar SFH1	NR4 with an Inside Day 2 Day ROC Buy	R2 0.6307 R1 0.6284 DP 0.6255 S1 0.6232 S2 0.6203	Hi 0.6288 0.6308 Low 0.6236 0.6216

LIVESTOCK

Pattern Signals

Pivot System S&R

Range: Normal/Ext.

Feeder Cattle	Jan FCF1	NR4 Signal Low Range Close Momentum Pinball Buy	R2 91.375 R1 91.100 DP 90.925 S1 90.650 S2 90.475	Hi 91.050 91.222 Low 90.600 90.428
Live Cattle	Feb LCG1	NR7 Signal	R2 77.375 R1 77.175 DP 76.950 S1 76.750 S2 76.525	Hi 77.188 77.350 Low 76.762 76.600
Lean Hogs	Feb LHG1	2 Day ROC Buy	R2 58.267 R1 57.733 DP 56.867 S1 56.333 S2 55.467	Hi 57.900 58.435 Low 56.500 55.965

GRAINS

Pattern Signals

Pivot System S&R

Range: Normal/Ext.

Corn	Mar CH1	NR4 with an Inside Day	R2 231.50 R1 230.75 DP 229.50 S1 228.75 S2 227.50	Hi 231.00 231.76 Low 229.00 228.24
Wheat	Mar WH1	NR4 Signal 2 Day ROC Buy 90-10 High Continuation	R2 286.42 R1 285.33 DP 283.42 S1 282.33 S2 280.42	Hi 285.75 286.90 Low 282.75 281.60
Soybeans	Mar SH1	2 Day ROC Sell Low Range Close	R2 509.50 R1 505.00 DP 502.00 S1 497.50 S2 494.50	Hi 504.25 507.11 Low 496.75 493.89
Soybean Meal	Mar SMH1	2 Day ROC Buy Low Breakout Cont. Setup	R2 188.3 R1 186.9 DP 186.0 S1 184.6 S2 183.7	Hi 186.8 187.6 Low 184.4 183.6
Soybean Oil	Mar BOH1	2 Day ROC Sell	R2 15.00 R1 14.90 DP 14.82 S1 14.72 S2 14.64	Hi 14.89 14.96 Low 14.71 14.64

ENERGY

Pattern Signals

Pivot System S&R

Range: Normal/Ext.

Crude Oil	Feb CLG1	No Pattern Signals fired	R2 29.11 R1 28.62 DP 28.24 S1 27.75 S2 27.37	Hi 28.58 28.91 Low 27.71 27.37
Heating Oil	Feb HOG1	2 Day ROC Buy	R2 0.8914 R1 0.8763 DP 0.8579 S1 0.8428 S2 0.8244	Hi 0.8780 0.8907 Low 0.8444 0.8317
Natural Gas	Feb NGG1	2 Day ROC Buy Low Breakout Cont. Setup	R2 9.664 R1 9.315 DP 8.840 S1 8.491 S2 8.016	Hi 9.378 9.693 Low 8.554 8.239

METALS

Pattern Signals

Pivot System S&R

Range: Normal/Ext.

Gold	Feb GCG1	Inside Day 2 Day ROC Buy	R2 270.7 R1 269.5 DP 268.7 S1 267.5 S2 266.7	Hi 269.4 270.2 Low 267.4 266.6
Silver	Mar SIH1	NR4 with an Inside Day 2 Day ROC Buy Momentum Pinball Sell	R2 461.3 R1 459.7 DP 456.8 S1 455.2 S2 452.3	Hi 460.3 462.0 Low 455.8 454.0
Copper	Mar HGH1	Low Range Close	R2 82.77 R1 81.93 DP 81.42 S1 80.58 S2 80.07	Hi 81.78 82.29 Low 80.43 79.91

FOODS & FIBER

Pattern Signals

Pivot System S&R

Range: Normal/Ext.

Orange Juice	Mar JOH1	2 Day ROC Buy	R2 77.80 R1 77.00 DP 75.95 S1 75.15 S2 74.10	Hi 77.13 77.83 Low 75.28 74.57
Sugar	Mar SBH1	2 Day ROC Buy 90-10 High Continuation Low Breakout Cont. Setup	R2 10.52 R1 10.43 DP 10.29 S1 10.20 S2 10.06	Hi 10.47 10.55 Low 10.24 10.15
Cocoa	Mar CCH1	Inside Day	R2 786 R1 777 DP 768 S1 759 S2 750	Hi 777 784 Low 759 752
Coffee	Mar KCH1	NR7 with an Inside Day	R2 64.32 R1 63.83 DP 63.42 S1 62.93 S2 62.52	Hi 63.80 64.14 Low 62.90 62.56
Cotton	Mar CTH1	90-10 Low Cont. & Rev	R2 61.77 R1 60.69 DP 60.12 S1 59.04 S2 58.47	Hi 60.44 61.07 Low 58.79 58.15

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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