The Pattern Trapper for Friday, December 20, 2002

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Pattern Signal Firings Page
Highest Potential Setups for Friday, December 20, 2002
(Selected from market categories OTHER than the Indices or Interest Rates)

Wheat March Wheat has fired NR4, 90-10 Low Continuation, and High Breakout Continuation Setup signals for today's trading. The NR4 signal tells us to expect range expansion and a pickup in volatility. 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. Cycle Indicators (chart at right) appear as if a short term cyclical top has recently been marked. Both the larger and more immediate trends are to lower prices. Odds favor continued downside in today's early trading. Sell the break of yesterday's 350^0 low with a stop just above the 352^3 level of the Daily Pivot. On the other hand, if yesterday's 358^0 high happens to be taken out, the High Breakout Continuation Setup signal tells us that we'd want to be on board the upmove. Either buy the break or look for Price Reversal Patterns and/or Oscillator Divergence on a retracement to trigger us in.
Natural Gas The January Natural Gas contract has fired 90-10 Low Continuation and Momentum Pinball Buy signals for today's trading. The 90-10 Low Continuation signal is fired when the day's trading closes within the bottom 10% of the day's range. It tells us that yesterday's late day move lower is likely to continue on into today. 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 recently been marked. Odds favor further downside in early morning trade. Sell the break of yesterday's 5.040 low with a stop just above the 5.192 level of the Daily Pivot. Price weakness below the DP may provide clues for earlier entry.

Pattern Signals, Pivot Levels, and
Range Projections for Friday, December 20, 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	Mar SPH3	2 Day ROC Buy	R2 908.40 R1 896.60 DP 887.70 S1 875.90 S2 867.00	Hi 895.15 903.06 Low 874.45 866.54
Dow Jones	Mar DJH3	2 Day ROC Buy	R2 8568 R1 8462 DP 8383 S1 8277 S2 8198	Hi 8448 8518 Low 8263 8192
Nasdaq 100	Mar NDH3	No Pattern Signals fired	R2 1056.17 R1 1034.33 DP 1018.17 S1 996.33 S2 980.17	Hi 1031.50 1046.02 Low 993.50 978.98
Russell 2000	Mar RLH3	2 Day ROC Buy	R2 392.58 R1 387.67 DP 384.08 S1 379.17 S2 375.58	Hi 387.00 390.25 Low 378.50 375.25

INTEREST RATES

Pattern Signals

Pivot System S&R

Range: Normal/Ext.

US T-Bond	Mar USH3	90-10 High Cont. & Rev Momentum Pinball Sell	R2 111´21 R1 111´08 DP 110´19 S1 110´06 S2 109´17	Hi 111´13 111´26 Low 110´11 109´30
US 10 Yr. T-Note	Mar TYH3	90-10 High Cont. & Rev Momentum Pinball Sell	R2 114´07 R1 114´00 DP 113´18 S1 113´10 S2 112´28	Hi 114´03 114´11 Low 113´13 113´05

CURRENCIES

Pattern Signals

Pivot System S&R

Range: Normal/Ext.

British Pound	Mar BPH3	No Pattern Signals fired	R2 1.5993 R1 1.5967 DP 1.5925 S1 1.5899 S2 1.5857	Hi 1.5974 1.6000 Low 1.5906 1.5880
Canadian Dollar	Mar CDH3	No Pattern Signals fired	R2 0.6466 R1 0.6450 DP 0.6432 S1 0.6416 S2 0.6398	Hi 0.6451 0.6464 Low 0.6417 0.6404
EuroFX	Mar ECH3	No Pattern Signals fired	R2 1.028 R1 1.026 DP 1.021 S1 1.019 S2 1.014	Hi 1.027 1.029 Low 1.020 1.017
Japanese Yen	Mar JYH3	No Pattern Signals fired	R2 0.8362 R1 0.8343 DP 0.8314 S1 0.8295 S2 0.8266	Hi 0.8347 0.8365 Low 0.8299 0.8281
Swiss Franc	Mar SFH3	90-10 High Continuation	R2 0.7076 R1 0.7058 DP 0.7024 S1 0.7006 S2 0.6972	Hi 0.7065 0.7085 Low 0.7013 0.6993

LIVESTOCK

Pattern Signals

Pivot System S&R

Range: Normal/Ext.

Feeder Cattle	Jan FCF3	Inside Day 2 Day ROC Buy	R2 83.817 R1 83.558 DP 83.192 S1 82.933 S2 82.567	Hi 83.613 83.851 Low 82.988 82.749
Live Cattle	Feb LCG3	Inside Day 2 Day ROC Buy	R2 79.225 R1 78.900 DP 78.450 S1 78.125 S2 77.675	Hi 78.963 79.259 Low 78.188 77.891
Lean Hogs	Feb LHG3	2 Day ROC Buy	R2 53.100 R1 52.500 DP 51.575 S1 50.975 S2 50.050	Hi 52.662 53.245 Low 51.138 50.555

GRAINS

Pattern Signals

Pivot System S&R

Range: Normal/Ext.

Corn	Mar CH3	Low Breakout Cont. Setup	R2 242.08 R1 240.92 DP 239.83 S1 238.67 S2 237.58	Hi 240.88 241.73 Low 238.63 237.77
Wheat	Mar WH3	NR4 Signal 90-10 Low Continuation High Breakout Cont. Setup	R2 360.75 R1 355.50 DP 352.75 S1 347.50 S2 344.75	Hi 354.25 357.31 Low 346.25 343.19
Soybeans	Mar SH3	NR4 Signal	R2 564.75 R1 562.00 DP 559.00 S1 556.25 S2 553.25	Hi 562.13 564.32 Low 556.38 554.18
Soybean Meal	Mar SMH3	Low Breakout Cont. Setup Momentum Pinball Sell	R2 165.03 R1 164.27 DP 163.53 S1 162.77 S2 162.03	Hi 164.25 164.82 Low 162.75 162.18
Soybean Oil	Mar BOH3	No Pattern Signals fired	R2 21.89 R1 21.77 DP 21.65 S1 21.53 S2 21.41	Hi 21.76 21.85 Low 21.52 21.43

ENERGY

Pattern Signals

Pivot System S&R

Range: Normal/Ext.

Crude Oil	Feb CLG3	90-10 Low Continuation	R2 31.53 R1 30.86 DP 30.48 S1 29.81 S2 29.43	Hi 30.72 31.12 Low 29.67 29.26
Heating Oil	Feb HOG3	2 Day ROC Buy Low Range Close	R2 0.8858 R1 0.8726 DP 0.8638 S1 0.8506 S2 0.8418	Hi 0.8704 0.8788 Low 0.8484 0.8400
Natural Gas	Jan NGF3	90-10 Low Continuation Momentum Pinball Buy	R2 5.642 R1 5.345 DP 5.192 S1 4.895 S2 4.742	Hi 5.272 5.444 Low 4.822 4.650

METALS

Pattern Signals

Pivot System S&R

Range: Normal/Ext.

Gold	Feb GCG3	No Pattern Signals fired	R2 351.6 R1 349.1 DP 346.4 S1 343.9 S2 341.2	Hi 349.1 351.1 Low 343.9 341.9
Silver	Mar SIH3	90-10 High Continuation	R2 477.5 R1 475.0 DP 470.5 S1 468.0 S2 463.5	Hi 476.0 478.7 Low 469.0 466.3
Copper	Mar HGH3	90-10 Low Continuation High Breakout Cont. Setup	R2 72.88 R1 72.47 DP 72.23 S1 71.82 S2 71.58	Hi 72.38 72.62 Low 71.72 71.48

FOODS & FIBER

Pattern Signals

Pivot System S&R

Range: Normal/Ext.

Orange Juice	Mar JOH3	Low Hist Vol with WRD 2 Day ROC Buy Wide Range Upside Rev	R2 102.77 R1 102.18 DP 101.22 S1 100.63 S2 99.67	Hi 102.38 102.97 Low 100.82 100.23
Sugar	Mar SBH3	2 Day ROC Buy 90-10 High Cont. & Rev	R2 7.83 R1 7.72 DP 7.51 S1 7.40 S2 7.19	Hi 7.76 7.88 Low 7.44 7.32
Cocoa	Mar CCH3	Low Hist Vol with NR4	R2 2105 R1 2089 DP 2077 S1 2061 S2 2049	Hi 2088 2099 Low 2060 2049
Coffee	Mar KCH3	No Pattern Signals fired	R2 63.58 R1 62.57 DP 61.83 S1 60.82 S2 60.08	Hi 62.43 63.09 Low 60.68 60.01
Cotton	Mar CTH3	NR7 with an Inside Day 2 Day ROC Sell	R2 50.77 R1 50.55 DP 50.37 S1 50.15 S2 49.97	Hi 50.52 50.67 Low 50.12 49.97

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.

Terms and conditions: Use of The Pattern Trapper Newsletter is granted to the subscriber of record only. Any abuse of subscriber privileges will result in denied access without a refund. All materials are copyright © 2002 by Bob Hunt. No part of these resources may be reproduced, stored or transmitted without the prior written permission of the copyright holder.

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