The Pattern Trapper for Friday, May 25, 2001

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Pattern Signal Firings Page
Highest Potential Setups for Friday, May 25, 2001
(Selected from market categories OTHER than the Indices or Interest Rates)

British Pound June British Pound has fired a 90-10 Low Continuation signal 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. Both the larger and more immediate trends are to lower prices, and Cycle Indicators appear to have recently marked a short term cyclical top (chart at left). Odds favor further downside in today's early trading. Sell the break of yesterday's 1.4076 low with a stop just above the 1.4099 level of the Daily Pivot. Price weakness below the DP may provide clues for earlier entry.
Wheat July Wheat has fired NR7, Low Breakout Continuation Setup, and Momentum Pinball Sell signals for today's trading. The NR7 signal tells us to expect range expansion and a pickup in volatility. The Low Breakout Continuation Setup signal implies significant downside IF yesterday's low happens to 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. Both the larger and more immediate trends are to lower prices (chart at left). Although odds seem to favor the downside, the NR7 signal tells us to stand ready for a large impulse move in either direction. Trade the break of yesterday's 264^0 to 260^2 low range with a stop and reverse on the opposite side as the entry. Price action relative to today's 262^0 Daily Pivot level may provide clues for earlier entry.

Pattern Signals, Pivot Levels, and
Range Projections for Friday, May 25, 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 1305.50 R1 1300.00 DP 1291.50 S1 1286.00 S2 1277.50	Hi 1301.50 1306.85 Low 1287.50 1282.15
Dow Jones	Jun DJM1	2 Day ROC Buy High Breakout Cont. Setup	R2 11262 R1 11203 DP 11132 S1 11073 S2 11002	Hi 11210 11260 Low 11080 11030
Nasdaq 100	Jun NDM1	2 Day ROC Buy 90-10 High Continuation	R2 2057.33 R1 2031.67 DP 1986.33 S1 1960.67 S2 1915.33	Hi 2041.50 2068.62 Low 1970.50 1943.38
Russell 2000	Jun RLM1	2 Day ROC Buy 90-10 High Continuation	R2 519.53 R1 516.07 DP 509.78 S1 506.32 S2 500.03	Hi 517.47 521.20 Low 507.73 504.00

INTEREST RATES

Pattern Signals

Pivot System S&R

Range: Normal/Ext.

US T-Bond	Jun USM1	90-10 Low Continuation Momentum Pinball Buy	R2 101´03 R1 100´06 DP 99´21 S1 98´24 S2 98´07	Hi 99´31 100´17 Low 98´17 97´31
US 10 Yr. T-Note	Jun TYM1	Wide Range Downside Rev 90-10 Low Continuation Momentum Pinball Buy	R2 104.1670 R1 103.5520 DP 103.2290 S1 102.6150 S2 102.2920	Hi 103.4060 103.7640 Low 102.4690 102.1110

CURRENCIES

Pattern Signals

Pivot System S&R

Range: Normal/Ext.

British Pound	Jun BPM1	90-10 Low Continuation	R2 1.4167 R1 1.4123 DP 1.4099 S1 1.4055 S2 1.4031	Hi 1.4112 1.4138 Low 1.4044 1.4018
Canadian Dollar	Jun CDM1	Inside Day 2 Day ROC Buy	R2 0.6485 R1 0.6472 DP 0.6456 S1 0.6443 S2 0.6427	Hi 0.6474 0.6485 Low 0.6445 0.6433
EuroFX	Jun ECM1	Inside Day 2 Day ROC Buy 90-10 Low Continuation	R2 0.8626 R1 0.8595 DP 0.8577 S1 0.8546 S2 0.8528	Hi 0.8588 0.8606 Low 0.8539 0.8520
Japanese Yen	Jun JYM1	NR4 with an Inside Day 2 Day ROC Sell	R2 0.8387 R1 0.8369 DP 0.8351 S1 0.8333 S2 0.8315	Hi 0.8370 0.8384 Low 0.8334 0.8320
Swiss Franc	Jun SFM1	Inside Day 2 Day ROC Buy	R2 0.5651 R1 0.5638 DP 0.5629 S1 0.5616 S2 0.5607	Hi 0.5636 0.5644 Low 0.5614 0.5606

LIVESTOCK

Pattern Signals

Pivot System S&R

Range: Normal/Ext.

Feeder Cattle	Aug FCQ1	2 Day ROC Buy	R2 91.542 R1 91.308 DP 90.967 S1 90.733 S2 90.392	Hi 91.363 91.582 Low 90.787 90.568
Live Cattle	Aug LCQ1	2 Day ROC Buy	R2 73.858 R1 73.567 DP 73.183 S1 72.892 S2 72.508	Hi 73.613 73.870 Low 72.938 72.680
Lean Hogs	Jun LHM1	NR4 with an Inside Day Low Range Close	R2 68.117 R1 67.533 DP 67.167 S1 66.583 S2 66.217	Hi 67.425 67.788 Low 66.475 66.112

GRAINS

Pattern Signals

Pivot System S&R

Range: Normal/Ext.

Corn	Jul CN1	NR7 Signal Momentum Pinball Sell	R2 195.08 R1 194.42 DP 193.83 S1 193.17 S2 192.58	Hi 194.38 194.85 Low 193.13 192.65
Wheat	Jul WN1	NR7 Signal Low Breakout Cont. Setup Momentum Pinball Sell	R2 265.58 R1 263.67 DP 262.08 S1 260.17 S2 258.58	Hi 263.50 264.84 Low 260.00 258.66
Soybeans	Jul SN1	Momentum Pinball Sell	R2 454.58 R1 452.17 DP 449.58 S1 447.17 S2 444.58	Hi 452.25 454.16 Low 447.25 445.34
Soybean Meal	Jul SMN1	Momentum Pinball Sell	R2 167.8 R1 166.6 DP 164.9 S1 163.7 S2 162.0	Hi 166.9 168.0 Low 163.9 162.8
Soybean Oil	Jul BON1	2 Day ROC Sell Low Range Close	R2 14.84 R1 14.73 DP 14.66 S1 14.55 S2 14.48	Hi 14.71 14.78 Low 14.53 14.46

ENERGY

Pattern Signals

Pivot System S&R

Range: Normal/Ext.

Crude Oil	Jul CLN1	Low Range Close Momentum Pinball Buy	R2 30.20 R1 29.31 DP 28.75 S1 27.86 S2 27.30	Hi 29.14 29.69 Low 27.69 27.13
Heating Oil	Jun HOM1	Momentum Pinball Buy	R2 0.8287 R1 0.8114 DP 0.7987 S1 0.7814 S2 0.7687	Hi 0.8091 0.8206 Low 0.7791 0.7676
Natural Gas	Jun NGM1	2 Day ROC Sell Low Range Close	R2 4.311 R1 4.183 DP 4.101 S1 3.973 S2 3.891	Hi 4.159 4.239 Low 3.949 3.869

METALS

Pattern Signals

Pivot System S&R

Range: Normal/Ext.

Gold	Jun GCM1	2 Day ROC Sell Momentum Pinball Buy	R2 293.8 R1 286.6 DP 281.3 S1 274.1 S2 268.8	Hi 285.6 290.4 Low 273.1 268.4
Silver	Jul SIN1	No Pattern Signals fired	R2 474.3 R1 468.2 DP 462.8 S1 456.7 S2 451.3	Hi 467.8 472.1 Low 456.3 451.9
Copper	Jul HGN1	2 Day ROC Buy 90-10 Low Continuation	R2 80.68 R1 80.02 DP 79.63 S1 78.97 S2 78.58	Hi 79.88 80.28 Low 78.82 78.42

FOODS & FIBER

Pattern Signals

Pivot System S&R

Range: Normal/Ext.

Orange Juice	Jul JON1	2 Day ROC Buy	R2 84.65 R1 83.40 DP 81.35 S1 80.10 S2 78.05	Hi 83.80 85.06 Low 80.50 79.24
Sugar	Jul SBN1	NR4 Signal 90-10 Low Continuation	R2 9.16 R1 9.05 DP 8.98 S1 8.87 S2 8.80	Hi 9.02 9.09 Low 8.84 8.77
Cocoa	Jul CCN1	2 Day ROC Sell Low Range Close	R2 1083 R1 1072 DP 1064 S1 1053 S2 1045	Hi 1070 1077 Low 1051 1043
Coffee	Jul KCN1	High Breakout Cont. Setup	R2 65.03 R1 63.92 DP 63.08 S1 61.97 S2 61.13	Hi 63.78 64.52 Low 61.83 61.08
Cotton	Jul CTN1	No Pattern Signals fired	R2 43.12 R1 42.79 DP 42.47 S1 42.14 S2 41.82	Hi 42.79 43.03 Low 42.13 41.89

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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