The Pattern Trapper for Friday, June 1, 2001

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Pattern Signal Firings Page
Highest Potential Setups for Friday, June 1, 2001
(Selected from market categories OTHER than the Indices or Interest Rates)

Canadian Dollar June Canadian Dollar has fired a 90-10 High Continuation & Reversal signal for today's trading. This 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. Cycle Indicators are a bit choppy (chart at left), but appear to be working towards a short term cyclical top. Odds favor continued upside in today's early trading. Buy the break of yesterday's .6507 high, or even earlier if price demonstrates strength above the .6488 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 .6535 or the Extended High Range Projection level of .6556 would be likely areas for such a reversal to take place.
Soybeans July Soybeans has fired 90-10 High Continuation & Reversal and Momentum Pinball Sell signals for today's trading. 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. The Momentum Pinball Sell signal suggests that IF the first hour's low happens to be broken, the market is telling us something completely different than originally assessed, and we'd want to consider a short position. Odds favor continued upside in today's early trading. Buy the break of yesterday's 452^0 high, or even earlier if price demonstrates strength above the 447^0 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 458^1 or the Extended High Range Projection level of 463^2 would be likely areas for such a reversal to take place.

Pattern Signals, Pivot Levels, and
Range Projections for Friday, June 1, 2001

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INDICES

Pattern Signals

Pivot System S&R

Range Projections
Normal/Extended

S&P; 500	Jun SPM1	Inside Day 2 Day ROC Buy	R2 1272.00 R1 1264.70 DP 1257.10 S1 1249.80 S2 1242.20	Hi 1264.85 1270.54 Low 1249.95 1244.26
Dow Jones	Jun DJM1	Inside Day	R2 11051 R1 10980 DP 10928 S1 10857 S2 10805	Hi 10972 11018 Low 10849 10802
Nasdaq 100	Jun NDM1	Inside Day 2 Day ROC Buy	R2 1867.00 R1 1835.00 DP 1811.00 S1 1779.00 S2 1755.00	Hi 1831.00 1852.39 Low 1775.00 1753.61
Russell 2000	Jun RLM1	2 Day ROC Buy	R2 505.68 R1 501.37 DP 498.18 S1 493.87 S2 490.68	Hi 500.80 503.66 Low 493.30 490.43

INTEREST RATES

Pattern Signals

Pivot System S&R

Range: Normal/Ext.

US T-Bond	Sep USU1	Momentum Pinball Sell	R2 100´07 R1 99´28 DP 99´12 S1 99´01 S2 98´17	Hi 100´00 100´10 Low 99´05 98´26
US 10 Yr. T-Note	Sep TYU1	90-10 High Cont. & Rev Momentum Pinball Sell	R2 103´09 R1 103´01 DP 102´20 S1 102´12 S2 101´31	Hi 103´05 103´13 Low 102´16 102´07

CURRENCIES

Pattern Signals

Pivot System S&R

Range: Normal/Ext.

British Pound	Jun BPM1	NR7 Signal Low Range Close	R2 1.4225 R1 1.4191 DP 1.4171 S1 1.4137 S2 1.4117	Hi 1.4185 1.4206 Low 1.4131 1.4110
Canadian Dollar	Jun CDM1	90-10 High Cont. & Rev	R2 0.6545 R1 0.6525 DP 0.6488 S1 0.6468 S2 0.6431	Hi 0.6535 0.6556 Low 0.6478 0.6456
EuroFX	Jun ECM1	Momentum Pinball Buy	R2 0.8500 R1 0.8480 DP 0.8460 S1 0.8440 S2 0.8420	Hi 0.8479 0.8494 Low 0.8439 0.8424
Japanese Yen	Jun JYM1	No Pattern Signals fired	R2 0.8480 R1 0.8444 DP 0.8417 S1 0.8381 S2 0.8354	Hi 0.8439 0.8463 Low 0.8376 0.8351
Swiss Franc	Jun SFM1	2 Day ROC Sell Momentum Pinball Buy	R2 0.5596 R1 0.5583 DP 0.5569 S1 0.5556 S2 0.5542	Hi 0.5584 0.5594 Low 0.5557 0.5546

LIVESTOCK

Pattern Signals

Pivot System S&R

Range: Normal/Ext.

Feeder Cattle	Aug FCQ1	No Pattern Signals fired	R2 92.342 R1 92.133 DP 91.892 S1 91.683 S2 91.442	Hi 92.150 92.322 Low 91.700 91.528
Live Cattle	Aug LCQ1	2 Day ROC Buy	R2 74.992 R1 74.733 DP 74.442 S1 74.183 S2 73.892	Hi 74.750 74.960 Low 74.200 73.990
Lean Hogs	Jun LHM1	NR7 with an Inside Day 2 Day ROC Sell	R2 69.475 R1 69.150 DP 68.725 S1 68.400 S2 67.975	Hi 69.200 69.486 Low 68.450 68.163

GRAINS

Pattern Signals

Pivot System S&R

Range: Normal/Ext.

Corn	Jul CN1	Momentum Pinball Sell	R2 194.92 R1 193.83 DP 192.17 S1 191.08 S2 189.42	Hi 194.13 195.18 Low 191.38 190.32
Wheat	Jul WN1	NR7 with an Inside Day 2 Day ROC Sell	R2 269.67 R1 268.33 DP 266.17 S1 264.83 S2 262.67	Hi 268.75 270.09 Low 265.25 263.91
Soybeans	Jul SN1	90-10 High Cont. & Rev Momentum Pinball Sell	R2 461.17 R1 456.08 DP 446.92 S1 441.83 S2 432.67	Hi 458.13 463.57 Low 443.88 438.43
Soybean Meal	Jul SMN1	2 Day ROC Buy Wide Range Upside Rev 90-10 High Cont. & Rev Momentum Pinball Sell	R2 170.2 R1 167.9 DP 163.8 S1 161.5 S2 157.4	Hi 168.9 171.3 Low 162.5 160.1
Soybean Oil	Jul BON1	NR4 Signal 90-10 High Cont. & Rev	R2 15.12 R1 15.07 DP 14.96 S1 14.91 S2 14.80	Hi 15.09 15.15 Low 14.93 14.87

ENERGY

Pattern Signals

Pivot System S&R

Range: Normal/Ext.

Crude Oil	Jul CLN1	No Pattern Signals fired	R2 29.13 R1 28.75 DP 28.15 S1 27.77 S2 27.17	Hi 28.86 29.23 Low 27.88 27.51
Heating Oil	Jul HON1	No Pattern Signals fired	R2 0.7925 R1 0.7831 DP 0.7670 S1 0.7576 S2 0.7415	Hi 0.7864 0.7961 Low 0.7609 0.7511
Natural Gas	Jul NGN1	No Pattern Signals fired	R2 4.131 R1 4.023 DP 3.901 S1 3.793 S2 3.671	Hi 4.029 4.117 Low 3.799 3.711

METALS

Pattern Signals

Pivot System S&R

Range: Normal/Ext.

Gold	Aug GCQ1	NR4 with an Inside Day 2 Day ROC Buy 90-10 Low Continuation	R2 270.6 R1 268.8 DP 267.7 S1 265.9 S2 264.8	Hi 268.4 269.5 Low 265.5 264.3
Silver	Jul SIN1	2 Day ROC Buy Low Range Close High Breakout Cont. Setup	R2 450.3 R1 445.7 DP 442.8 S1 438.2 S2 435.3	Hi 444.8 447.6 Low 437.3 434.4
Copper	Jul HGN1	2 Day ROC Buy	R2 77.12 R1 76.43 DP 75.77 S1 75.08 S2 74.42	Hi 76.43 76.94 Low 75.07 74.56

FOODS & FIBER

Pattern Signals

Pivot System S&R

Range: Normal/Ext.

Orange Juice	Jul JON1	Low Range Close	R2 82.07 R1 80.93 DP 80.27 S1 79.13 S2 78.47	Hi 80.70 81.39 Low 78.90 78.21
Sugar	Jul SBN1	Low Hist Vol with NR7 2 Day ROC Buy	R2 8.76 R1 8.65 DP 8.58 S1 8.47 S2 8.40	Hi 8.64 8.71 Low 8.46 8.39
Cocoa	Jul CCN1	Low Range Close	R2 995 R1 965 DP 948 S1 918 S2 901	Hi 960 977 Low 913 895
Coffee	Jul KCN1	2 Day ROC Sell 90-10 Low Continuation	R2 59.78 R1 58.47 DP 57.78 S1 56.47 S2 55.78	Hi 58.15 58.91 Low 56.15 55.39
Cotton	Jul CTN1	2 Day ROC Sell	R2 41.95 R1 41.41 DP 40.94 S1 40.40 S2 39.93	Hi 41.38 41.77 Low 40.38 39.99

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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