The Pattern Trapper for Tuesday, January 7, 2003

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Pattern Signal Firings Page
Highest Potential Setups for Tuesday, January 7, 2003
(Selected from market categories OTHER than the Indices or Interest Rates)

Feeder Cattle The March Feeder Cattle contract has fired Low Range Close and Momentum Pinball Buy signals for today's trading. The Low Range Close signal fires when the close is within the bottom 20% of the day's range. It implies that yesterday's late day weakness should carry on through to this morning's trading. 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 high has just been marked. Odds favor continued downside in today's early trading. Sell the break of yesterday's 81.800 low with a stop just above the 82.250 Daily Pivot. Price action relative to the Daily Pivot level may provide clues for earlier entry.
Soybean Meal The March Soybean Meal contract has fired 2 Day ROC Sell and 90-10 Low Continuation 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 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. Cycle Indicators (chart at right) appear as if a short term cyclical high has just been marked. Odds favor further downside in today's early trading. Sell the break of yesterday's 172.60 low with a stop just above the 173.83 level of the Daily Pivot. Price weakness below the DP may provide clues for earlier entry.

Pattern Signals, Pivot Levels, and
Range Projections for Tuesday, January 7, 2003

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 Sell	R2 945.17 R1 935.83 DP 922.17 S1 912.83 S2 899.17	Hi 938.00 946.79 Low 915.00 906.21
Dow Jones	Mar DJH3	Low Breakout Cont. Setup	R2 8918 R1 8827 DP 8699 S1 8608 S2 8480	Hi 8847 8930 Low 8628 8544
Nasdaq 100	Mar NDH3	2 Day ROC Sell	R2 1091.67 R1 1076.33 DP 1056.67 S1 1041.33 S2 1021.67	Hi 1078.50 1091.87 Low 1043.50 1030.13
Russell 2000	Mar RLH3	2 Day ROC Sell	R2 401.25 R1 398.00 DP 395.00 S1 391.75 S2 388.75	Hi 397.88 400.26 Low 391.63 389.24

INTEREST RATES

Pattern Signals

Pivot System S&R

Range: Normal/Ext.

US T-Bond	Mar USH3	NR4 Signal	R2 110´18 R1 110´09 DP 109´28 S1 109´19 S2 109´06	Hi 110´12 110´20 Low 109´22 109´14
US 10 Yr. T-Note	Mar TYH3	NR4 Signal	R2 113´19 R1 113´13 DP 113´05 S1 112´31 S2 112´23	Hi 113´15 113´20 Low 113´01 112´27

CURRENCIES

Pattern Signals

Pivot System S&R

Range: Normal/Ext.

British Pound	Mar BPH3	No Pattern Signals fired	R2 1.6104 R1 1.6054 DP 1.6020 S1 1.5970 S2 1.5936	Hi 1.6046 1.6078 Low 1.5962 1.5930
Canadian Dollar	Mar CDH3	2 Day ROC Sell	R2 0.6410 R1 0.6402 DP 0.6388 S1 0.6380 S2 0.6366	Hi 0.6404 0.6412 Low 0.6382 0.6374
EuroFX	Mar ECH3	NR7 Signal	R2 1.047 R1 1.046 DP 1.044 S1 1.043 S2 1.041	Hi 1.046 1.047 Low 1.043 1.041
Japanese Yen	Mar JYH3	No Pattern Signals fired	R2 0.8476 R1 0.8451 DP 0.8429 S1 0.8404 S2 0.8382	Hi 0.8449 0.8466 Low 0.8402 0.8384
Swiss Franc	Mar SFH3	NR7 Signal 2 Day ROC Buy	R2 0.7230 R1 0.7212 DP 0.7199 S1 0.7181 S2 0.7168	Hi 0.7211 0.7222 Low 0.7180 0.7168

LIVESTOCK

Pattern Signals

Pivot System S&R

Range: Normal/Ext.

Feeder Cattle	Mar FCH3	Low Range Close Momentum Pinball Buy	R2 83.450 R1 82.700 DP 82.250 S1 81.500 S2 81.050	Hi 82.550 83.008 Low 81.350 80.892
Live Cattle	Feb LCG3	2 Day ROC Sell Low Breakout Cont. Setup	R2 81.458 R1 81.117 DP 80.783 S1 80.442 S2 80.108	Hi 81.113 81.370 Low 80.438 80.180
Lean Hogs	Feb LHG3	2 Day ROC Sell Low Range Close	R2 53.542 R1 52.658 DP 52.117 S1 51.233 S2 50.692	Hi 52.488 53.032 Low 51.063 50.518

GRAINS

Pattern Signals

Pivot System S&R

Range: Normal/Ext.

Corn	Mar CH3	No Pattern Signals fired	R2 238.42 R1 237.08 DP 235.92 S1 234.58 S2 233.42	Hi 237.00 237.96 Low 234.50 233.54
Wheat	Mar WH3	NR7 Signal 2 Day ROC Sell Low Breakout Cont. Setup	R2 337.17 R1 334.33 DP 331.67 S1 328.83 S2 326.17	Hi 334.25 336.35 Low 328.75 326.65
Soybeans	Mar SH3	90-10 Low Continuation	R2 588.00 R1 582.50 DP 579.50 S1 574.00 S2 571.00	Hi 581.25 584.50 Low 572.75 569.50
Soybean Meal	Mar SMH3	2 Day ROC Sell 90-10 Low Continuation	R2 177.23 R1 175.07 DP 173.83 S1 171.67 S2 170.43	Hi 174.60 175.90 Low 171.20 169.90
Soybean Oil	Mar BOH3	90-10 Low Continuation	R2 21.30 R1 21.12 DP 21.03 S1 20.85 S2 20.76	Hi 21.09 21.19 Low 20.82 20.71

ENERGY

Pattern Signals

Pivot System S&R

Range: Normal/Ext.

Crude Oil	Feb CLG3	2 Day ROC Sell	R2 33.20 R1 32.65 DP 32.28 S1 31.73 S2 31.36	Hi 32.56 32.91 Low 31.64 31.29
Heating Oil	Feb HOG3	2 Day ROC Sell Low Range Close	R2 0.9226 R1 0.9053 DP 0.8946 S1 0.8773 S2 0.8666	Hi 0.9019 0.9126 Low 0.8739 0.8632
Natural Gas	Feb NGG3	2 Day ROC Sell Momentum Pinball Buy	R2 5.225 R1 5.080 DP 4.965 S1 4.820 S2 4.705	Hi 5.065 5.164 Low 4.805 4.706

METALS

Pattern Signals

Pivot System S&R

Range: Normal/Ext.

Gold	Feb GCG3	NR4 Signal	R2 357.4 R1 354.8 DP 352.6 S1 350.0 S2 347.8	Hi 354.5 356.3 Low 349.7 347.9
Silver	Mar SIH3	NR7 Signal	R2 497.0 R1 494.0 DP 491.5 S1 488.5 S2 486.0	Hi 493.8 495.9 Low 488.3 486.1
Copper	Mar HGH3	2 Day ROC Sell 90-10 High Continuation Low Breakout Cont. Setup	R2 74.63 R1 74.27 DP 73.53 S1 73.17 S2 72.43	Hi 74.45 74.87 Low 73.35 72.93

FOODS & FIBER

Pattern Signals

Pivot System S&R

Range: Normal/Ext.

Orange Juice	Mar JOH3	2 Day ROC Sell Low Range Close	R2 94.90 R1 93.25 DP 92.25 S1 90.60 S2 89.60	Hi 92.93 93.94 Low 90.28 89.26
Sugar	Mar SBH3	Inside Day 2 Day ROC Buy	R2 7.79 R1 7.70 DP 7.56 S1 7.47 S2 7.33	Hi 7.73 7.81 Low 7.50 7.41
Cocoa	Mar CCH3	2 Day ROC Sell	R2 2244 R1 2217 DP 2174 S1 2147 S2 2104	Hi 2226 2253 Low 2156 2129
Coffee	Mar KCH3	No Pattern Signals fired	R2 65.78 R1 64.52 DP 62.63 S1 61.37 S2 59.48	Hi 64.82 66.03 Low 61.68 60.47
Cotton	Mar CTH3	2 Day ROC Sell High Breakout Cont. Setup	R2 51.89 R1 51.49 DP 51.19 S1 50.79 S2 50.49	Hi 51.43 51.70 Low 50.73 50.46

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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