The Pattern Trapper for Friday, January 30, 2009

	The Pattern Trapper High Probability Futures Trading
Web Site: www.PatternTrapper.comE-Mail: RHunt@PatternTrapper.comPhone: 952-892-5550

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High Potential Setups for Friday, January 30, 2009
(Selected from market categories OTHER than the Indices or Interest Rates)

Lean Hogs Although yesterday's High Potential Setup in Lean Hogs 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 April Lean Hogs contract has fired NR7 and High Breakout Continuation Setup signals for today's trading. The NR7 signal is triggered when the range of the day's trading is the narrowest of the last seven days. It tells us to expect range expansion and a pickup in volatility with a likely breakout in store either today, or over the next few days. The High Breakout Continuation Setup signal implies significant upside IF yesterday's high happens to be taken out. Cycle Indicators (chart at right) appear as if a short term cyclical low is beginning to emerge, but both the larger and more immediate trends are to lower prices. The NR7 signal tells us to stand prepared for a large impulse move in either direction. Trade the break of yesterday's 61.450 high to 61.000 low range with a stop and reverse on the opposite side as the entry. Price action relative to today's 61.225 Daily Pivot level may provide clues for earlier entry.

Gold The February Gold contract has fired 2 Day ROC Buy and 90-10 High Continuation signals for today's trading. The 2 Day ROC Buy signal suggests that today's principal 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. Cycle Indicators (chart at right) are moving into a region where short term cyclical tops often form, but both the larger and more immediate trends are to higher prices. Odds favor further upside in today's early trading. Buy the break of yesterday's 909.7 high with a stop just below the 897.9 level of the Daily Pivot. Price strength above the DP may provide clues for earlier entry.

Pattern Signals, Pivot Levels, and Range
Projections for Friday, January 30, 2009
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.

INDICES

Pattern Signals

Pivot System S&R

Range Projections
Normal/Extended

S&P; 500/Mar Pit SPH9 Elct ESH9	2 Day ROC Sell Low Range Close Momentum Pinball Buy	R3 878.75 R2 866.75 R1 854.75 DP 847.50 S1 835.50 S2 828.25 S3 816.25	Hi 852.38 859.73 Low 833.13 825.77
Dow Jones/Mar Pit DJH9 Elct YMH9	2 Day ROC Sell Low Range Close	R3 8414 R2 8313 R1 8213 DP 8146 S1 8046 S2 7979 S3 7879	Hi 8196 8259 Low 8029 7965
Nasdaq/Mar Pit NDH9 Elct NQH9	2 Day ROC Sell	R3 1243.00 R2 1230.67 R1 1218.33 DP 1207.17 S1 1194.83 S2 1183.67 S3 1171.33	Hi 1217.75 1226.73 Low 1194.25 1185.27
Russell/Mar Elct TFH9	2 Day ROC Sell High Breakout Cont. Setup	R3 480.80 R2 472.10 R1 463.40 DP 457.30 S1 448.60 S2 442.50 S3 433.80	Hi 462.10 467.75 Low 447.30 441.65

INTEREST RATES

Pattern Signals

Pivot System S&R

Range: Normal/Ext.

US T-Bond Mar USH9	90-10 Low Continuation	R3 131-10 R2 129-29 R1 128-17 DP 127-26 S1 126-14 S2 125-23 S3 124-11	Hi 128-06 129-00 Low 126-03 125-09
Full Session T-Bond R3 132-15 R2 130-22 R1 128-29 DP 127-19 S1 125-26 S2 124-16 S3 122-23
US T-Note Mar TYH9	90-10 Low Continuation	R3 125-02 R2 124-11 R1 123-19 DP 123-06 S1 122-15 S2 122-02 S3 121-10	Hi 123-14 123-28 Low 122-09 121-27
Full Session T-Note R3 125-24 R2 124-25 R1 123-26 DP 123-02 S1 122-03 S2 121-12 S3 120-13

CURRENCIES

Pattern Signals

Pivot System S&R

Range: Normal/Ext.

US Dollar Index Mar DXH9	Low Breakout Cont. Setup	R3 87.140 R2 86.678 R1 86.217 DP 85.488 S1 85.027 S2 84.298 S3 83.837	Hi 86.350 86.805 Low 85.160 84.705
Australian Dollar Mar ADH9	90-10 Low Continuation Momentum Pinball Buy	R3 0.6819 R2 0.6712 R1 0.6606 DP 0.6549 S1 0.6443 S2 0.6386 S3 0.6280	Hi 0.6581 0.6643 Low 0.6418 0.6355
British Pound Mar BPH9	No Pattern Signals fired	R3 1.4749 R2 1.4599 R1 1.4450 DP 1.4254 S1 1.4105 S2 1.3909 S3 1.3760	Hi 1.4472 1.4604 Low 1.4128 1.3996
Canadian Dollar Mar CDH9	NR7 with an Inside Day 2 Day ROC Sell 90-10 Low Cont. & Rev	R3 0.8354 R2 0.8287 R1 0.8219 DP 0.8186 S1 0.8118 S2 0.8085 S3 0.8017	Hi 0.8203 0.8241 Low 0.8102 0.8063
EuroFX Mar ECH9	90-10 Low Continuation Momentum Pinball Buy	R3 1.3419 R2 1.3260 R1 1.3101 DP 1.3011 S1 1.2852 S2 1.2762 S3 1.2603	Hi 1.3066 1.3162 Low 1.2818 1.2722
Japanese Yen Mar JYH9	NR7 with an Inside Day 2 Day ROC Buy	R3 1.1335 R2 1.1263 R1 1.1190 DP 1.1115 S1 1.1042 S2 1.0967 S3 1.0894	Hi 1.1192 1.1249 Low 1.1044 1.0987
Swiss Franc Mar SFH9	2 Day ROC Buy	R3 0.8908 R2 0.8829 R1 0.8751 DP 0.8694 S1 0.8616 S2 0.8559 S3 0.8481	Hi 0.8740 0.8791 Low 0.8604 0.8553

LIVESTOCK

Pattern Signals

Pivot System S&R

Range: Normal/Ext.

Feeder Cattle Mar FCH9	No Pattern Signals fired	R3 92.400 R2 91.808 R1 91.217 DP 90.258 S1 89.667 S2 88.708 S3 88.117	Hi 91.400 91.992 Low 89.850 89.258
Live Cattle Apr LCJ9	No Pattern Signals fired	R3 86.100 R2 85.508 R1 84.917 DP 84.258 S1 83.667 S2 83.008 S3 82.417	Hi 84.950 85.428 Low 83.700 83.222
Lean Hogs Apr LHJ9	NR7 Signal High Breakout Cont. Setup	R3 61.900 R2 61.683 R1 61.467 DP 61.233 S1 61.017 S2 60.783 S3 60.567	Hi 61.475 61.647 Low 61.025 60.853
Pork Bellies Mar PBH9	No Pattern Signals fired	R3 83.450 R2 82.075 R1 80.700 DP 79.525 S1 78.150 S2 76.975 S3 75.600	Hi 80.600 81.574 Low 78.050 77.076

GRAINS

Pattern Signals

Pivot System S&R

Range: Normal/Ext.

Corn Mar CH9	NR7 with an Inside Day	R3 387^4 R2 385^4 R1 383^6 DP 381^0 S1 379^2 S2 376^4 S3 374^6	Hi 384^0 385^6 Low 379^4 377^6
Wheat Mar WH9	NR7 Signal 2 Day ROC Sell	R3 600^0 R2 592^6 R1 585^2 DP 580^2 S1 572^6 S2 567^6 S3 560^2	Hi 584^2 589^0 Low 571^6 567^0
Soybeans Mar SH9	NR7 Signal	R3 988^0 R2 982^2 R1 976^2 DP 971^2 S1 965^2 S2 960^2 S3 954^2	Hi 976^0 980^2 Low 965^0 960^6
Soybean Meal Mar SMH9	NR7 Signal High Breakout Cont. Setup	R3 316.5 R2 313.9 R1 311.3 DP 308.4 S1 305.8 S2 302.9 S3 300.3	Hi 311.4 313.6 Low 305.9 303.8
Soybean Oil Mar BOH9	NR7 with an Inside Day 2 Day ROC Buy	R3 32.94 R2 32.75 R1 32.56 DP 32.41 S1 32.22 S2 32.07 S3 31.88	Hi 32.54 32.67 Low 32.20 32.07

ENERGY

Pattern Signals

Pivot System S&R

Range: Normal/Ext.

Crude Oil Mar CLH9	NR7 Signal High Breakout Cont. Setup	R3 44.46 R2 43.50 R1 42.53 DP 41.36 S1 40.39 S2 39.22 S3 38.25	Hi 42.64 43.46 Low 40.50 39.68
Heating Oil Feb HOG9	NR4 with an Inside Day	R3 1.5235 R2 1.4937 R1 1.4638 DP 1.4262 S1 1.3963 S2 1.3587 S3 1.3288	Hi 1.4677 1.4935 Low 1.4003 1.3745
Natural Gas Mar NGH9	Momentum Pinball Sell	R3 4.937 R2 4.829 R1 4.720 DP 4.540 S1 4.431 S2 4.251 S3 4.142	Hi 4.757 4.867 Low 4.468 4.357

METALS

Pattern Signals

Pivot System S&R

Range: Normal/Ext.

Gold Feb GCG9	2 Day ROC Buy 90-10 High Continuation	R3 945.2 R2 933.4 R1 921.5 DP 897.9 S1 886.0 S2 862.4 S3 850.5	Hi 927.5 941.0 Low 892.0 878.4
Silver Mar SIH9	2 Day ROC Buy	R3 13.265 R2 12.957 R1 12.648 DP 12.142 S1 11.833 S2 11.327 S3 11.018	Hi 12.747 13.059 Low 11.933 11.621
Copper Mar HGH9	NR7 Signal 2 Day ROC Buy	R3 1.5830 R2 1.5435 R1 1.5040 DP 1.4625 S1 1.4230 S2 1.3815 S3 1.3420	Hi 1.5050 1.5359 Low 1.4240 1.3931

FOODS & FIBER

Pattern Signals

Pivot System S&R

Range: Normal/Ext.

Orange Juice Mar OJH9	NR7 with an Inside Day 2 Day ROC Buy	R3 73.40 R2 73.03 R1 72.67 DP 72.23 S1 71.87 S2 71.43 S3 71.07	Hi 72.70 73.01 Low 71.90 71.59
Sugar Mar SBH9	Momentum Pinball Buy	R3 13.23 R2 13.02 R1 12.80 DP 12.66 S1 12.44 S2 12.30 S3 12.08	Hi 12.77 12.91 Low 12.41 12.27
Cocoa Mar CCH9	2 Day ROC Sell	R3 2929 R2 2886 R1 2844 DP 2794 S1 2752 S2 2702 S3 2660	Hi 2847 2882 Low 2755 2720
Coffee Mar KCH9	NR7 Signal	R3 124.35 R2 123.40 R1 122.45 DP 121.55 S1 120.60 S2 119.70 S3 118.75	Hi 122.43 123.13 Low 120.58 119.87
Cotton Mar CTH9	Momentum Pinball Buy	R3 52.63 R2 51.78 R1 50.92 DP 50.35 S1 49.49 S2 48.92 S3 48.06	Hi 50.78 51.33 Low 49.36 48.81

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 stock and 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 © 2009 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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