The Pattern Trapper for Friday, March 16, 2001

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Pattern Signal Firings Page
Highest Potential Setups for Friday, March 16, 2001
(Selected from market categories OTHER than the Indices or Interest Rates)

Feeder Cattle May Feeder Cattle 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. The more immediate trend is to lower prices (chart at left). Odds favor further downside in early morning trade. Sell the break of yesterday's 85.900 low with a stop just above the 86.250 level of the Daily Pivot. Price weakness below the DP may provide clues for earlier entry.
Corn Yesterday's Highest Potential Setup in Corn resulted in a sharp move to lower prices. Pattern Signals fired for today's trading imply even more downside to follow. The May Corn 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. Both the larger and more immediate trends are to lower prices (chart at left). Odds favor further downside in early morning trade. Sell the break of yesterday's 210^2 low with a stop just above the 213^0 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, March 16, 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	NR4 with an Inside Day 2 Day ROC Sell	R2 1200.23 R1 1192.47 DP 1186.73 S1 1178.97 S2 1173.23	Hi 1191.45 1196.61 Low 1177.95 1172.79
Dow Jones	Jun DJM1	NR4 with an Inside Day 2 Day ROC Sell	R2 10262 R1 10183 DP 10122 S1 10043 S2 9982	Hi 10175 10228 Low 10035 9982
Nasdaq 100	Jun NDM1	2 Day ROC Sell 90-10 Low Cont. & Rev	R2 1887.67 R1 1801.33 DP 1754.67 S1 1668.33 S2 1621.67	Hi 1781.50 1832.31 Low 1648.50 1597.69
Russell 2000	Jun RLM1	NR4 Signal 2 Day ROC Sell Low Range Close	R2 466.33 R1 461.17 DP 457.83 S1 452.67 S2 449.33	Hi 460.25 463.50 Low 451.75 448.50

INTEREST RATES

Pattern Signals

Pivot System S&R

Range: Normal/Ext.

US T-Bond	Jun USM1	No Pattern Signals fired	R2 106´29 R1 106´17 DP 106´04 S1 105´24 S2 105´11	Hi 106´17 106´26 Low 105´24 105´14
US 10 Yr. T-Note	Jun TYM1	Low Breakout Cont. Setup	R2 107.0100 R1 106.7400 DP 106.4170 S1 106.1460 S2 105.8230	Hi 106.7660 106.9920 Low 106.1720 105.9450

CURRENCIES

Pattern Signals

Pivot System S&R

Range: Normal/Ext.

British Pound	Jun BPM1	No Pattern Signals fired	R2 1.4483 R1 1.4429 DP 1.4379 S1 1.4325 S2 1.4275	Hi 1.4426 1.4466 Low 1.4322 1.4282
Canadian Dollar	Jun CDM1	Low Range Close	R2 0.6445 R1 0.6427 DP 0.6415 S1 0.6397 S2 0.6385	Hi 0.6423 0.6434 Low 0.6393 0.6382
EuroFX	Jun ECM1	2 Day ROC Buy	R2 0.9142 R1 0.9076 DP 0.9018 S1 0.8952 S2 0.8894	Hi 0.9072 0.9119 Low 0.8948 0.8901
Japanese Yen	Jun JYM1	No Pattern Signals fired	R2 0.8349 R1 0.8309 DP 0.8283 S1 0.8243 S2 0.8217	Hi 0.8303 0.8328 Low 0.8237 0.8212
Swiss Franc	Jun SFM1	2 Day ROC Buy	R2 0.5961 R1 0.5920 DP 0.5881 S1 0.5840 S2 0.5801	Hi 0.5919 0.5950 Low 0.5839 0.5808

LIVESTOCK

Pattern Signals

Pivot System S&R

Range: Normal/Ext.

Feeder Cattle	May FCK1	90-10 Low Continuation Momentum Pinball Buy	R2 86.858 R1 86.467 DP 86.258 S1 85.867 S2 85.658	Hi 86.375 86.604 Low 85.775 85.546
Live Cattle	Apr LCJ1	Low Range Close	R2 78.858 R1 78.417 DP 78.133 S1 77.692 S2 77.408	Hi 78.338 78.614 Low 77.613 77.336
Lean Hogs	Apr LHJ1	No Pattern Signals fired	R2 66.958 R1 66.317 DP 65.508 S1 64.867 S2 64.058	Hi 66.400 66.954 Low 64.950 64.396

GRAINS

Pattern Signals

Pivot System S&R

Range: Normal/Ext.

Corn	May CK1	90-10 Low Continuation Momentum Pinball Buy	R2 219.92 R1 215.33 DP 212.92 S1 208.33 S2 205.92	Hi 214.25 216.92 Low 207.25 204.58
Wheat	May WK1	Low Range Close High Breakout Cont. Setup Momentum Pinball Buy	R2 289.92 R1 281.83 DP 276.67 S1 268.58 S2 263.42	Hi 280.38 285.44 Low 267.13 262.06
Soybeans	May SK1	2 Day ROC Buy	R2 452.83 R1 449.17 DP 443.58 S1 439.92 S2 434.33	Hi 450.13 453.66 Low 440.88 437.34
Soybean Meal	May SMK1	2 Day ROC Buy 90-10 High Continuation	R2 153.6 R1 152.8 DP 151.1 S1 150.3 S2 148.6	Hi 153.1 154.1 Low 150.6 149.7
Soybean Oil	May BOK1	No Pattern Signals fired	R2 16.59 R1 16.34 DP 16.07 S1 15.82 S2 15.55	Hi 16.34 16.54 Low 15.82 15.62

ENERGY

Pattern Signals

Pivot System S&R

Range: Normal/Ext.

Crude Oil	May CLK1	2 Day ROC Buy	R2 27.24 R1 27.03 DP 26.69 S1 26.48 S2 26.14	Hi 27.10 27.31 Low 26.55 26.33
Heating Oil	Apr HOJ1	2 Day ROC Buy	R2 0.7155 R1 0.7110 DP 0.7045 S1 0.7000 S2 0.6935	Hi 0.7120 0.7162 Low 0.7010 0.6968
Natural Gas	Apr NGJ1	Low Hist Vol with NR4 2 Day ROC Buy High Breakout Cont. Setup	R2 5.036 R1 4.981 DP 4.926 S1 4.871 S2 4.816	Hi 4.982 5.024 Low 4.872 4.830

METALS

Pattern Signals

Pivot System S&R

Range: Normal/Ext.

Gold	Apr GCJ1	2 Day ROC Buy	R2 264.8 R1 262.6 DP 261.0 S1 258.8 S2 257.2	Hi 262.2 263.7 Low 258.4 256.9
Silver	May SIK1	2 Day ROC Sell Low Range Close High Breakout Cont. Setup Momentum Pinball Buy	R2 448.5 R1 442.0 DP 438.0 S1 431.5 S2 427.5	Hi 440.8 444.8 Low 430.3 426.2
Copper	May HGK1	Inside Day 2 Day ROC Buy	R2 81.78 R1 81.42 DP 81.13 S1 80.77 S2 80.48	Hi 81.38 81.62 Low 80.72 80.48

FOODS & FIBER

Pattern Signals

Pivot System S&R

Range: Normal/Ext.

Orange Juice	May JOK1	Low Hist Vol with NR7 2 Day ROC Buy	R2 75.37 R1 75.03 DP 74.77 S1 74.43 S2 74.17	Hi 75.00 75.23 Low 74.40 74.17
Sugar	May SBK1	Momentum Pinball Sell	R2 9.11 R1 9.01 DP 8.88 S1 8.78 S2 8.65	Hi 9.04 9.12 Low 8.81 8.72
Cocoa	May CCK1	No Pattern Signals fired	R2 1046 R1 1031 DP 1017 S1 1002 S2 988	Hi 1030 1041 Low 1001 989
Coffee	May KCK1	90-10 Low Continuation	R2 62.73 R1 61.87 DP 61.38 S1 60.52 S2 60.03	Hi 61.68 62.19 Low 60.33 59.81
Cotton	May CTK1	2 Day ROC Sell 90-10 Low Cont. & Rev Momentum Pinball Buy	R2 54.14 R1 52.12 DP 51.02 S1 49.00 S2 47.90	Hi 51.65 52.84 Low 48.53 47.34

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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