The Pattern Trapper for Friday, January 12, 2001

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Highest Potential Setups
for Friday, January 12, 2001

Live Cattle February Live Cattle 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 79.800 high, or even earlier if price demonstrates strength above the 79.300 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 80.500 or the Extended High Range Projection level of 81.050 would be likely areas for such a reversal to take place.
Soybeans March Soybeans 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 484^0 low with a stop just above the 486^3 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, January 12, 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	Mar SPH1	No Pattern Signals fired	R2 1355.50 R1 1345.00 DP 1333.00 S1 1322.50 S2 1310.50	Hi 1345.75 1354.34 Low 1323.25 1314.66
Dow Jones	Mar DJH1	NR7 with an Inside Day 2 Day ROC Sell	R2 10783 R1 10717 DP 10658 S1 10592 S2 10533	Hi 10713 10760 Low 10588 10540
Nasdaq 100	Mar NDH1	No Pattern Signals fired	R2 2673.50 R1 2593.00 DP 2496.50 S1 2416.00 S2 2319.50	Hi 2601.00 2668.61 Low 2424.00 2356.39
Russell 2000	Mar RLH1	No Pattern Signals fired	R2 496.75 R1 491.50 DP 484.75 S1 479.50 S2 472.75	Hi 492.25 496.83 Low 480.25 475.67

INTEREST RATES

Pattern Signals

Pivot System S&R

Range: Normal/Ext.

US T-Bond	Mar USH1	Low Range Close High Breakout Cont. Setup	R2 105´05 R1 104´14 DP 104´00 S1 103´09 S2 102´27	Hi 104´10 104´24 Low 103´05 102´22
US 10 Yr. T-Note	Mar TTH1	2 Day ROC Buy High Breakout Cont. Setup	R2 105´31 R1 105´17 DP 105´07 S1 104´25 S2 104´15	Hi 105´16 105´25 Low 104´24 104´15

CURRENCIES

Pattern Signals

Pivot System S&R

Range: Normal/Ext.

British Pound	Mar BPH1	Low Range Close	R2 1.5023 R1 1.4987 DP 1.4963 S1 1.4927 S2 1.4903	Hi 1.4980 1.5003 Low 1.4920 1.4897
Canadian Dollar	Mar CDH1	NR7 Signal 2 Day ROC Buy Momentum Pinball Sell	R2 0.6716 R1 0.6705 DP 0.6692 S1 0.6681 S2 0.6668	Hi 0.6707 0.6716 Low 0.6683 0.6674
EuroFX	Mar ECH1	Momentum Pinball Sell	R2 0.9599 R1 0.9565 DP 0.9537 S1 0.9503 S2 0.9475	Hi 0.9563 0.9587 Low 0.9501 0.9477
Japanese Yen	Mar JYH1	Low Range Close	R2 0.8625 R1 0.8601 DP 0.8587 S1 0.8563 S2 0.8549	Hi 0.8597 0.8612 Low 0.8559 0.8544
Swiss Franc	Mar SFH1	2 Day ROC Buy Momentum Pinball Sell	R2 0.6268 R1 0.6248 DP 0.6232 S1 0.6212 S2 0.6196	Hi 0.6247 0.6261 Low 0.6211 0.6197

LIVESTOCK

Pattern Signals

Pivot System S&R

Range: Normal/Ext.

Feeder Cattle	Mar FCH1	2 Day ROC Sell	R2 91.742 R1 91.233 DP 90.792 S1 90.283 S2 89.842	Hi 91.200 91.563 Low 90.250 89.887
Live Cattle	Feb LCG1	90-10 High Cont. & Rev Momentum Pinball Sell	R2 80.758 R1 80.267 DP 79.308 S1 78.817 S2 77.858	Hi 80.500 81.054 Low 79.050 78.496
Lean Hogs	Feb LHG1	2 Day ROC Buy Wide Range Upside Rev	R2 58.100 R1 57.450 DP 56.450 S1 55.800 S2 54.800	Hi 57.625 58.255 Low 55.975 55.345

GRAINS

Pattern Signals

Pivot System S&R

Range: Normal/Ext.

Corn	Mar CH1	2 Day ROC Sell Low Range Close Momentum Pinball Buy	R2 226.17 R1 224.33 DP 223.17 S1 221.33 S2 220.17	Hi 224.00 225.15 Low 221.00 219.85
Wheat	Mar WH1	Low Hist Vol with WRD 2 Day ROC Sell	R2 299.25 R1 294.50 DP 289.75 S1 285.00 S2 280.25	Hi 294.50 298.13 Low 285.00 281.37
Soybeans	Mar SH1	90-10 Low Continuation Momentum Pinball Buy	R2 494.83 R1 489.67 DP 486.83 S1 481.67 S2 478.83	Hi 488.50 491.56 Low 480.50 477.44
Soybean Meal	Mar SMH1	90-10 Low Continuation Momentum Pinball Buy	R2 184.3 R1 182.4 DP 181.3 S1 179.4 S2 178.3	Hi 182.0 183.1 Low 179.0 177.9
Soybean Oil	Mar BOH1	Low Range Close Momentum Pinball Buy	R2 14.99 R1 14.89 DP 14.82 S1 14.72 S2 14.65	Hi 14.87 14.93 Low 14.70 14.63

ENERGY

Pattern Signals

Pivot System S&R

Range: Normal/Ext.

Crude Oil	Feb CLG1	2 Day ROC Sell	R2 30.34 R1 29.87 DP 29.44 S1 28.97 S2 28.54	Hi 29.86 30.20 Low 28.96 28.62
Heating Oil	Feb HOG1	NR4 with an Inside Day	R2 0.8687 R1 0.8544 DP 0.8407 S1 0.8264 S2 0.8127	Hi 0.8541 0.8648 Low 0.8261 0.8154
Natural Gas	Mar NGH1	NR7 Signal	R2 8.475 R1 8.349 DP 8.225 S1 8.099 S2 7.975	Hi 8.349 8.445 Low 8.099 8.004

METALS

Pattern Signals

Pivot System S&R

Range: Normal/Ext.

Gold	Feb GCG1	No Pattern Signals fired	R2 266.3 R1 265.6 DP 264.7 S1 264.0 S2 263.1	Hi 265.6 266.2 Low 264.0 263.4
Silver	Mar SIH1	2 Day ROC Buy	R2 463.2 R1 461.3 DP 458.7 S1 456.8 S2 454.2	Hi 461.8 463.5 Low 457.3 455.5
Copper	Mar HGH1	2 Day ROC Buy Low Breakout Cont. Setup	R2 84.28 R1 83.67 DP 83.23 S1 82.62 S2 82.18	Hi 83.57 83.98 Low 82.53 82.12

FOODS & FIBER

Pattern Signals

Pivot System S&R

Range: Normal/Ext.

Orange Juice	Mar JOH1	2 Day ROC Sell 90-10 Low Continuation High Breakout Cont. Setup	R2 79.33 R1 78.37 DP 77.83 S1 76.87 S2 76.33	Hi 78.15 78.72 Low 76.65 76.08
Sugar	Mar SBH1	No Pattern Signals fired	R2 10.44 R1 10.35 DP 10.26 S1 10.17 S2 10.08	Hi 10.35 10.42 Low 10.17 10.10
Cocoa	Mar CCH1	90-10 High Cont. & Rev Momentum Pinball Sell	R2 869 R1 859 DP 840 S1 830 S2 811	Hi 864 875 Low 835 823
Coffee	Mar KCH1	Low Range Close Low Breakout Cont. Setup	R2 65.37 R1 64.48 DP 63.92 S1 63.03 S2 62.47	Hi 64.32 64.88 Low 62.88 62.32
Cotton	Mar CTH1	2 Day ROC Buy 90-10 High Continuation	R2 62.06 R1 61.46 DP 60.41 S1 59.81 S2 58.76	Hi 61.70 62.33 Low 60.04 59.41

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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