The Pattern Trapper for Monday, December 16, 2002

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Pattern Signal Firings Page
Highest Potential Setups for Monday, December 16, 2002
(Selected from market categories OTHER than the Indices or Interest Rates)

Canadian Dollar The March Canadian Dollar contract has fired Wide Range Downside Reversal and Low Range Close signals for today's trading. The Wide Range Downside Reversal signal tells us that Friday's trading likely marked a significant short term turning point with more downside to follow. The Low Range Close signal is triggered when trading closes within the bottom 20% of the day's range. It tells us that Friday's late day weakness should carry on through to this morning's trading. Cycle Indicators (chart at right) appear as if a short term cyclical top has just been marked. Odds favor further downside in early morning trade. Sell the break of Friday's .6377 low with a stop just above the .6393 level of the Daily Pivot. Price weakness below the DP may provide clues for earlier entry.
Soybeans Although Friday's Highest Potential Setup in Soybeans did not result in the kind of range expansion move originally expected, Pattern Signals fired for today's trading make it even more likely that we will soon see something significant occur. The January Soybeans contract has fired Low Historical Volatility, Inside Day, 2 Day ROC Sell, and Low Range Close signals for today's trading. The Low Historical Volatility signal tells us to expect range expansion and a pickup in volatility. The Inside Day signal is fired when the day's trading occurs within the range of the prior day. A subsequent breakout of an Inside Day's range typically points the way of the next trend move. The 2 Day ROC Sell signal implies that today's principle trade direction should be to the downside. The Low Range Close signal tells us to look for morning follow through on the weak close. Odds favor continued downside in today's early trading. Sell the break of Friday's 571^0 low, or even earlier if price demonstrates weakness below the 573^1 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 599^0 or the Extended Low Range Projection level of 566^3 would be likely areas for such a reversal to take place.

Pattern Signals, Pivot Levels, and
Range Projections for Monday, December 16, 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	NR7 Signal 90-10 Low Continuation	R2 901.90 R1 894.20 DP 890.10 S1 882.40 S2 878.30	Hi 892.40 896.91 Low 880.60 876.09
Dow Jones	Mar DJH3	NR7 Signal 90-10 Low Cont. & Rev	R2 8543 R1 8472 DP 8433 S1 8362 S2 8323	Hi 8455 8497 Low 8345 8303
Nasdaq 100	Mar NDH3	90-10 Low Cont. & Rev	R2 1038.83 R1 1024.67 DP 1016.83 S1 1002.67 S2 994.83	Hi 1021.50 1029.90 Low 999.50 991.10
Russell 2000	Mar RLH3	90-10 Low Continuation	R2 396.47 R1 391.93 DP 389.47 S1 384.93 S2 382.47	Hi 390.90 393.57 Low 383.90 381.23

INTEREST RATES

Pattern Signals

Pivot System S&R

Range: Normal/Ext.

US T-Bond	Mar USH3	Momentum Pinball Buy	R2 111´22 R1 110´27 DP 110´10 S1 109´15 S2 108´30	Hi 110´23 111´08 Low 109´11 108´26
US 10 Yr. T-Note	Mar TYH3	Momentum Pinball Buy	R2 113´23 R1 113´07 DP 112´26 S1 112´10 S2 111´30	Hi 113´05 113´16 Low 112´08 111´29

CURRENCIES

Pattern Signals

Pivot System S&R

Range: Normal/Ext.

British Pound	Mar BPH3	NR4 Signal	R2 1.5845 R1 1.5821 DP 1.5785 S1 1.5761 S2 1.5725	Hi 1.5826 1.5849 Low 1.5766 1.5743
Canadian Dollar	Mar CDH3	Wide Range Downside Rev Low Range Close	R2 0.6433 R1 0.6409 DP 0.6393 S1 0.6369 S2 0.6353	Hi 0.6405 0.6420 Low 0.6365 0.6350
EuroFX	Mar ECH3	No Pattern Signals fired	R2 1.025 R1 1.021 DP 1.018 S1 1.014 S2 1.011	Hi 1.022 1.024 Low 1.015 1.012
Japanese Yen	Mar JYH3	Momentum Pinball Sell	R2 0.8402 R1 0.8366 DP 0.8306 S1 0.8270 S2 0.8210	Hi 0.8377 0.8414 Low 0.8281 0.8244
Swiss Franc	Mar SFH3	No Pattern Signals fired	R2 0.6987 R1 0.6961 DP 0.6933 S1 0.6907 S2 0.6879	Hi 0.6963 0.6984 Low 0.6909 0.6888

LIVESTOCK

Pattern Signals

Pivot System S&R

Range: Normal/Ext.

Feeder Cattle	Jan FCF3	NR7 with an Inside Day 2 Day ROC Buy	R2 83.700 R1 83.450 DP 83.275 S1 83.025 S2 82.850	Hi 83.412 83.575 Low 82.988 82.825
Live Cattle	Feb LCG3	2 Day ROC Buy	R2 78.475 R1 78.150 DP 77.625 S1 77.300 S2 76.775	Hi 78.250 78.575 Low 77.400 77.075
Lean Hogs	Feb LHG3	NR7 Signal 2 Day ROC Sell High Breakout Cont. Setup	R2 52.950 R1 52.600 DP 52.100 S1 51.750 S2 51.250	Hi 52.675 53.000 Low 51.825 51.500

GRAINS

Pattern Signals

Pivot System S&R

Range: Normal/Ext.

Corn	Mar CH3	Low Hist Vol with NR7	R2 241.67 R1 240.83 DP 240.17 S1 239.33 S2 238.67	Hi 240.75 241.32 Low 239.25 238.68
Wheat	Mar WH3	NR7 Signal 2 Day ROC Sell Low Breakout Cont. Setup	R2 359.33 R1 356.17 DP 353.83 S1 350.67 S2 348.33	Hi 355.75 357.85 Low 350.25 348.15
Soybeans	Jan SF3	Low Hist Vol with ID 2 Day ROC Sell Low Range Close	R2 579.33 R1 575.67 DP 573.33 S1 569.67 S2 567.33	Hi 575.00 577.29 Low 569.00 566.71
Soybean Meal	Jan SMF3	Low Hist Vol with NR7 2 Day ROC Sell	R2 166.60 R1 166.00 DP 165.40 S1 164.80 S2 164.20	Hi 166.00 166.46 Low 164.80 164.34
Soybean Oil	Jan BOF3	Inside Day 2 Day ROC Sell Low Range Close	R2 22.34 R1 22.08 DP 21.92 S1 21.66 S2 21.50	Hi 22.03 22.19 Low 21.61 21.45

ENERGY

Pattern Signals

Pivot System S&R

Range: Normal/Ext.

Crude Oil	Feb CLG3	NR4 Signal 2 Day ROC Buy	R2 28.92 R1 28.68 DP 28.42 S1 28.18 S2 27.92	Hi 28.70 28.89 Low 28.20 28.01
Heating Oil	Jan HOF3	No Pattern Signals fired	R2 0.8359 R1 0.8257 DP 0.8134 S1 0.8032 S2 0.7909	Hi 0.8269 0.8354 Low 0.8044 0.7958
Natural Gas	Jan NGF3	No Pattern Signals fired	R2 5.795 R1 5.539 DP 5.275 S1 5.019 S2 4.755	Hi 5.544 5.743 Low 5.024 4.825

METALS

Pattern Signals

Pivot System S&R

Range: Normal/Ext.

Gold	Feb GCG3	Low Breakout Cont. Setup	R2 339.2 R1 336.5 DP 333.6 S1 330.9 S2 328.0	Hi 336.6 338.7 Low 331.0 328.9
Silver	Mar SIH3	2 Day ROC Sell	R2 482.7 R1 477.0 DP 471.7 S1 466.0 S2 460.7	Hi 476.7 480.9 Low 465.7 461.5
Copper	Mar HGH3	90-10 Low Continuation High Breakout Cont. Setup	R2 74.98 R1 74.07 DP 73.58 S1 72.67 S2 72.18	Hi 73.85 74.38 Low 72.45 71.92

FOODS & FIBER

Pattern Signals

Pivot System S&R

Range: Normal/Ext.

Orange Juice	Jan JOF3	NR4 Signal 90-10 High Continuation	R2 100.03 R1 99.82 DP 99.43 S1 99.22 S2 98.83	Hi 99.90 100.13 Low 99.30 99.07
Sugar	Mar SBH3	NR7 Signal 2 Day ROC Buy	R2 7.67 R1 7.61 DP 7.55 S1 7.49 S2 7.43	Hi 7.62 7.67 Low 7.50 7.45
Cocoa	Mar CCH3	2 Day ROC Buy	R2 2101 R1 2080 DP 2058 S1 2037 S2 2015	Hi 2082 2098 Low 2039 2022
Coffee	Mar KCH3	2 Day ROC Buy 90-10 Low Continuation	R2 62.70 R1 61.40 DP 60.70 S1 59.40 S2 58.70	Hi 61.10 61.86 Low 59.10 58.34
Cotton	Mar CTH3	Inside Day 2 Day ROC Buy	R2 50.56 R1 50.07 DP 49.66 S1 49.17 S2 48.76	Hi 50.03 50.37 Low 49.13 48.79

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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