The Pattern Trapper for Tuesday, December 19, 2000

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Highest Potential Futures
Setups for Tuesday, December 19, 2000

Dow Jones March Dow Jones futures have fired 2 Day ROC Buy, 90-10 High Continuation, and Momentum Pinball Sell signals for today's trading. The 2 Day ROC Buy signal implies that today's principle trade direction should be to the upside. The 90-10 High Continuation signal is fired when the day closes within the top 10% of the day's range. It tells us that yesterday's late day move higher is likely to continue on into today. 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 10,815 high with a stop just below the most recent intraday swing pivot low. Price strength above the 10,742 Daily Pivot level may provide clues for earlier entry.
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 78.250 high, or even earlier if price demonstrates strength above the 77.925 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 78.700 or the Extended High Range Projection level of 79.075 would be likely areas for such a reversal to take place.
Soybean Oil March Soybean Oil has fired 2 Day ROC Sell, Wide Range Downside Reversal, 90-10 Low Continuation, and Low Breakout Continuation Setup signals for today's trading. The 2 Day ROC Sell signal implies that today's principle trade direction should be to the downside. The Wide Range Downside Reversal signal tells us that yesterday's trading likely marked a significant short term turning point with more downside to follow. The 90-10 Low Continuation signal tells us that yesterday's late day move lower is likely to continue on into today. The Low Breakout Continuation Setup signal implies significant downside IF yesterday's low can be taken out. The larger trend is to lower prices (chart at left). Odds favor further downside in today's early trading. Sell the break of yesterday's 15.50 low with a stop just above the 15.62 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, December 19, 2000

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.

INTEREST RATES

Pattern Signals

Pivot System S&R

Range Projections
Normal/Extended

US T-Bonds	Mar USH1	90-10 Low Continuation Momentum Pinball Buy	R2 105-18 R1 105-04 DP 104-27 S1 104-13 S2 104-04	Hi 105-01 105-09 Low 104-10 104-01
US 10 Yr. T-Notes	Mar TTH1	No Pattern Signals fired	R2 105-12 R1 105-03 DP 104-27 S1 104-18 S2 104-10	Hi 105-02 105-08 Low 104-17 104-10

INDEXES

Pattern Signals

Pivot System S&R

Range: Normal/Ext.

S&P; 500	Mar SPH1	NR4 Signal 2 Day ROC Buy Low Breakout Cont. Setup Momentum Pinball Sell	R2 1361 R1 1354 DP 1345 S1 1337 S2 1328	Hi 1355 1361 Low 1338 1332
Dow Jones	Mar DJH1	2 Day ROC Buy 90-10 High Continuation Momentum Pinball Sell	R2 10947 R1 10873 DP 10742 S1 10668 S2 10537	Hi 10903 10981 Low 10698 10619
Nasdaq 100	Mar NDH1	No Pattern Signals fired	R2 2753 R1 2681 DP 2618 S1 2546 S2 2483	Hi 2676 2728 Low 2541 2489
Russell 2000	Mar RLH1	Momentum Pinball Sell	R2 478.07 R1 475.03 DP 470.47 S1 467.43 S2 462.87	Hi 475.80 478.70 Low 468.20 465.30

CURRENCIES

Pattern Signals

Pivot System S&R

Range: Normal/Ext.

British Pound	Mar BPH1	No Pattern Signals fired	R2 1.4831 R1 1.4793 DP 1.4731 S1 1.4693 S2 1.4631	Hi 1.4804 1.4842 Low 1.4704 1.4666
Canadian Dollar	Mar CDH1	NR7 Signal 90-10 Low Continuation Momentum Pinball Buy	R2 0.6587 R1 0.6573 DP 0.6565 S1 0.6551 S2 0.6543	Hi 0.6570 0.6578 Low 0.6548 0.6540
EuroFX	Mar ECH1	2 Day ROC Sell High Breakout Cont. Setup	R2 0.9034 R1 0.9003 DP 0.8981 S1 0.8950 S2 0.8928	Hi 0.8999 0.9019 Low 0.8946 0.8925
Japanese Yen	Mar JYH1	No Pattern Signals fired	R2 0.9086 R1 0.9068 DP 0.9049 S1 0.9031 S2 0.9012	Hi 0.9068 0.9082 Low 0.9031 0.9016
Swiss Franc	Mar SFH1	2 Day ROC Sell	R2 0.6019 R1 0.6005 DP 0.5991 S1 0.5977 S2 0.5963	Hi 0.6004 0.6015 Low 0.5976 0.5965

LIVESTOCK

Pattern Signals

Pivot System S&R

Range: Normal/Ext.

Feeder Cattle	Jan FCF1	Low Breakout Cont. Setup	R2 91.667 R1 91.433 DP 91.067 S1 90.833 S2 90.467	Hi 91.500 91.729 Low 90.900 90.671
Live Cattle	Feb LCG1	90-10 High Cont. & Rev Momentum Pinball Sell	R2 78.875 R1 78.550 DP 77.925 S1 77.600 S2 76.975	Hi 78.700 79.063 Low 77.750 77.387
Lean Hogs	Feb LHG1	2 Day ROC Buy	R2 58.725 R1 58.400 DP 58.100 S1 57.775 S2 57.475	Hi 58.388 58.626 Low 57.763 57.524

GRAINS

Pattern Signals

Pivot System S&R

Range: Normal/Ext.

Corn	Mar CH1	2 Day ROC Buy 90-10 High Cont. & Rev Momentum Pinball Sell	R2 225.58 R1 224.42 DP 222.33 S1 221.17 S2 219.08	Hi 224.88 226.12 Low 221.63 220.38
Wheat	Mar WH1	NR7 with an Inside Day 2 Day ROC Buy 90-10 High Continuation Momentum Pinball Sell	R2 271.08 R1 269.92 DP 267.83 S1 266.67 S2 264.58	Hi 270.38 271.62 Low 267.13 265.88
Soybeans	Jan SF1	Low Range Close	R2 515.75 R1 512.75 DP 511.00 S1 508.00 S2 506.25	Hi 512.13 513.94 Low 507.38 505.56
Soybean Meal	Mar SMH1	Momentum Pinball Sell	R2 190.6 R1 189.9 DP 189.2 S1 188.5 S2 187.8	Hi 189.8 190.3 Low 188.4 187.9
Soybean Oil	Mar BOH1	2 Day ROC Sell Wide Range Downside Rev 90-10 Low Continuation Low Breakout Cont. Setup	R2 15.97 R1 15.75 DP 15.62 S1 15.40 S2 15.27	Hi 15.70 15.83 Low 15.35 15.21

ENERGY

Pattern Signals

Pivot System S&R

Range: Normal/Ext.

Crude Oil	Feb CLG1	NR7 Signal Momentum Pinball Sell	R2 29.20 R1 28.89 DP 28.50 S1 28.19 S2 27.80	Hi 28.94 29.21 Low 28.24 27.97
Heating Oil	Feb HOG1	Low Range Close	R2 0.9263 R1 0.9055 DP 0.8923 S1 0.8715 S2 0.8583	Hi 0.9018 0.9148 Low 0.8678 0.8548

METALS

Pattern Signals

Pivot System S&R

Range: Normal/Ext.

Gold	Feb GCG1	NR7 with an Inside Day 2 Day ROC Sell	R2 273.0 R1 272.5 DP 272.1 S1 271.6 S2 271.2	Hi 272.5 272.8 Low 271.5 271.2
Silver	Mar SIH1	NR4 with an Inside Day 2 Day ROC Buy	R2 468.2 R1 466.3 DP 464.7 S1 462.8 S2 461.2	Hi 466.3 467.6 Low 462.8 461.4

FOODS & FIBER

Pattern Signals

Pivot System S&R

Range: Normal/Ext.

Orange Juice	Mar JOH1	90-10 High Cont. & Rev Momentum Pinball Sell	R2 87.27 R1 86.53 DP 85.27 S1 84.53 S2 83.27	Hi 86.80 87.56 Low 84.80 84.04
Sugar	Mar SBH1	NR7 with an Inside Day	R2 9.41 R1 9.37 DP 9.29 S1 9.25 S2 9.17	Hi 9.38 9.43 Low 9.26 9.21
Cocoa	Mar CCH1	No Pattern Signals fired	R2 738 R1 734 DP 729 S1 725 S2 720	Hi 734 737 Low 725 721
Coffee	Mar KCH1	90-10 Low Continuation	R2 67.30 R1 66.60 DP 66.20 S1 65.50 S2 65.10	Hi 66.45 66.87 Low 65.35 64.93
Cotton	Mar CTH1	2 Day ROC Sell 90-10 Low Continuation	R2 66.00 R1 65.55 DP 65.30 S1 64.85 S2 64.60	Hi 65.45 65.72 Low 64.75 64.48

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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