FuturesCom Investment Publications
Bi-Weekly Investment Outlook, Sunday January 28, 2001

Experienced Since 1979 & Serving Professional and Individual Futures Traders World Wide since 1988

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Bonds-Forex-Energy-Precious Metals-Livestock-Grain and Soft Commodity Future Markets
Bi-Weekly Investment Outlooks & Archives Morning Comments Special Reports Index Flashes

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Observation. experience , memory and mathematics--These are what a successful trader must depend on. A man can have great mathematical ability and unusual power of accurate observation and yet fail in speculation unless he also

possesses the experience and memory. -Reminiscences of a Stock operator-

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Sunday, January 28, 2001

5:30 AM
Recommended Open Positions are at the end of the letter…Stay tuned for Flashes and Updates..

The Sensational Stock and Bond Markets

March SP500
Nearby Resistance is at 1369.20 and 1377 to 1383. A close over 1383 augurs for a test of 1399. Beyond that a resistance is at 1415 to 1421 and 1429…while a close over 1421 should be friendly and augur for an eventual test of 1437 and 1453 to 1459

Nearby Support should appear near 1361.50 and the 1353.8 region, under that a test of 1346 to 1340 is likely. Below that support is at 1334 then 1322 and 1310 to 1304….

Traders who Sleep on a Bed of Nails can buy at 1310 and Hold for higher prices. Initially plan on risking a close under 1303 for three Days in a row.

Traders should go long if a close over 1383.10 occurs

Trade Accordingly and Stay Tuned for Updates

Dow Jones Industrial Avg.

Resistance should appear near 10,680 then 10,757.. Beyond that a test of 10,820 is likely.. However an extended trading period over 10,680 does indicate an eventual test of 10,960 to 11,010

Support is at 10,630 and 10,580 under that support should appear near 10,520 then 10,470. Below that a test of 10,360 and the 10,340 to 10,320 region is likely.

March Bonds

Resistance should appear near 103-16 and 104-12 . Beyond that sellers should appear near 104-26 then 105-09 and the 105-23 region.

Support is at 102-20 then 102-02 to 101-28, under that buyers should appear near the 101-17. Traders can buy at 101-29 and risk a close under 101-17 for three days in a row…

The Frenzied Forex Front

March Japanese Yen

Support should appear near 8529 under that a test of 8499 to 8484 is likely.. Below that Buyers should appear near 8406 to 8391. Traders can buy at 8407 and Hold for higher prices… Below that support is at 8315 to 8300 and the 8225 to 8195 region.

Resistance should appear near 8560 to 8575 and 8589. A close over 8589 is friendly and augurs for a test of 8668 to 8683.. Beyond that a test of the 8762 to 8777 region is likely.. A close over 8777 is friendly and augurs for a test of 8856 to 8871..

Traders should go long if a close over 8589 occurs..

March Euro

Support should appear near 9235 and the 9156 to 9140 region. Below that support is at 9060 to 9040 ..Traders can buy a pullback at 9060 and risk a close under 9040 for three days in a row..

Resistance is at 9316 to 9347 then 9429 to 9445.. Traders can sell at 9428 and hold for lower prices.. Beyond that sellers should appear near 9583 and the 9625 to 9641 region

Trade Accordingly..

March Swiss Franc

Resistance should appear near 6101 to 6113 then 6165 to 6190 beyond that resistance should appear near the 6257 to 6270 ..where sellers should appear and cap a rally for a bit. Traders can sell at 6257 and hold for lower prices risking a close over 6337 for three days in a row …

Support should appear near 6035 to 6023 and the 5957 to 5945 region, where buyers should appear and contain a decline..Traders can buy at 5958 for a bounce and risk a close under 5945 for two days in a row .

Stay tuned for Flashes...

March British Pound
Support should appear near 1.4590 to 1.4530 under that buyers should appear near 1.4386 and should contain a decline for a bit …Below that support is at 1.4110 to 1.4150

Resistance is at 1.4710 then 1.4840, a close over 1.4840 is friendly and augurs for a test of 1.4900 to 1.4960. Beyond that sellers should appear near 1.5112 and 1.5290 to1.5350.

Trade accordingly and stay tuned for flashes

March Canadian Dollar
Support should appear near 6623 and the 6591 to 6577 is region.
Under that buyers should appear near 6509 to 6483..

Resistance is at 6659 to 6673 and 6707, a close over 6707 augurs for a test of the 6741 to 6755 region,.Above that 6809 to 6836 should cap a rally..

Trade Accordingly and Stay tuned for FuturesCom's Forex Flashes

Precious Metals

April Gold

Support should appear near the 262.0 to 261.2 region .. Traders can buy at 262 and hold for higher prices…Below that support is at 256.8 to 255

Resistance is at 266 to 267.5 and 269.3, a close over 269.3 is friendly and augurs for a test of 271.5 to 272.5 and eventually 275.8 to 277.5.

Traders should go long if a close over 269.3 occurs..

March Copper
Support is at 8390 then 8315 to 8300 ..Traders can buy at 8320 and hold for higher prices.. Below that support is at 8225 to 8190 and should contain a decline…under that 8135 to 8115 bring out buyers from the woodwork

Resistance should appear near 8485 to 8500, a close over 8500 is friendly and augurs for a test of 8560 to 8590 and most likely the 8760 to 8775 region… Beyond that a test of 8855 to 8870 and beyond is likely

Traders should go long if a close over 8500 occurs..

March Silver
Support should appear near 478.5 to 477 Below that buyers should appear near 472.5 to 471 Traders can buy at 472 and hold for higher prices

Risk a close under 463 for three days in a row…

Resistance is at 484 to 485.5 and the 491.5 to 492.5 region. A close over 492.5 is friendly and augurs for a test of 497.5 to 499.5 and beyond to 503.5 to 506.5

Traders should go long if a close over 485.5 occurs.

Trade Accordingly and stay tuned for Flashes

The Exciting Energies

March Crude
Resistance is at 2990.. Above that resistance is at 3036 to 3045 and the 3092 to 3102 region, which should cap a rally for a bit. Traders can sell at 3092 and risk a close over 3102 for three days in a row. Above that resistance is at 3148 to 3157..

Support is at the 2883 to 2874 then 2829 to 2820 and 2775 to 2758, under that buyers should appear near 2725 to 2716 and the 2672 to 2663 region.

Stay Tuned for Updates…

March Unleaded Gas
Support should appear near 8590 to 8565, below that support is at the 8405 to 8390 region. A close under 8390 augurs for a test of 8225 to 8190 and the 8045 to 8025.

Resistance is at 8762 to 8777 then 8855 to 8870 and the 9040 to 9060 region.
Beyond that sellers should appear near 9140 to 9160, Traders can sell at 9135 and risk a close over 9160 for three days in a row.

March Heating Oil

Resistance is at 8195 to 8225, above that sellers should appear near 8300 to 8315 beyond that resistance is at 8484 to 8500.. Beyond that sellers should appear near 8760 to 8770 and the 8855 to 8875 region. Traders can sell at 8855 and hold for lower prices, risk a close over 8875 for three days in a row

Support is near 8045 to 8030, a slip under augurs for a test of 7955 to 7935. Under that 7865 to 7835 offers support… a close under 7835 is negative and augurs for a test of

7690 to 7675, under that support is at 7515 to 7485 and the 7430 to 7415 region

Traders should go short if as close under 8120 occurs

Stay Tuned for Energy Updates

The Grand Grains

March Soybeans

Nearby Support is at 458 1/4 to 457 region. Below that buyers should appear near

444 3./4 to 442 1/4 Traders can buy at 445 and hold for higher prices..

Nearby Resistance is at 463 3/4 to 465 Beyond that resistance is at 469 1/2 to 471 3/4 and the 477 1/2 to 478 3/4 region … Traders can sell at 477 1/2 for a turn lower , risk a close over 479 for three days in a row.. Beyond that resistance is at 484 1/2 to 485 3/4.

March Soy Meal
Resistance should appear near 168.9 to 169.6 and the 173.1 to 173.8 region.

Support is at 165 to 164.2 and the 161.5 to 160.9 region.

March Soybean Oil
Support is near the 1421 to 1415…region ..

Traders can buy at 1421 and hold for higher prices…

Resistance should appear near 1453 to 1459 and 1484 to 1496 then 1529 to 1535.

March Corn
Resistance should appear near 221 3/4 to 222 3/4 beyond resistance is at 226 3/4

Support should appear near 208 3/4 to 208, under that a test of 204 1/4 to 203 1/2 is likely.. Below that support is at 195 1/2 to 194 3/4.

March Wheat

Support should appear near 275 and the 272 1/2 to 271 3/4 region. Below that support is at 267 1/2 to 266 3/4 .. Traders can buy at 267 3/4 and hold for higher prices.

Resistance is at 277 1/2 and the 282 to 283 3/4 region.. A close over 282 3/4 is friendly and augurs for a test of 287 1/2 to 288 1/4 and more likely the 292 3/4 to 297 1/2 region.

Traders should go long if a close over 283 3/4 occurs.

Trade Accordingly and Stay Tuned for Updates in the Grain Markets

The Satisfying Softs

March Cotton

Nearby Support should appear near 6115 to 6100 . Under that buyers should appear near 6035 to 6020 and the 5955 to 5945 region.. Traders can buy at 5955 and hold for higher prices…Below that support is at 5880 to 5855..

Resistance is at 6165 to 6190, a close over 6190 is friendly and augurs for a test of 6255 to 6270 and the 6335 to 6350 region… Beyond that sellers should appear near

the 6415 to 6430 region

Traders should go long if a close over 6190 occurs.

March Coffee
Support is near 6675 to 6655 under that buyers should appear near the 6510 to 6485 and the 6430 to 6415 region , which should hold. Traders can buy at 6515 and hold for higher prices.. Below that Buyers should appear near 6350 to 6335 and the 6270 to 6255 region. Under that buyers should appear near 6115 to 6100..

Nearby Resistance should appear near the 6740 to 6755 region..Beyond that a test of 6810 to 6835 and the 6905 to 6920 region is likely.. A close over 6920 is friendly and augurs for a test of 7075 to 7085 and eventually the 7325 to 7340 region…

Traders should go long if a close over 6835 occurs

March Sugar
Resistance is at 1032 to 1036 and the 1058 to 1068 region is likely to occur… Above that sellers should appear near 1096 to1101.

Support should appear near 1000 and 972 to 968. Under that 941 to 932 offers support. Traders can buy at 972 and risk a close under 932 for two days in a row , under that support should appear near 912 to 907 and the 882 to 877 region.

Trade Accordingly

March Cocoa
Support is at 1005 to 1000 and 972 to 968. Under that support is at 941 to 932…

Traders can buy at 973 and risk a close under 932 for three days in a row. Under that 912 to 907 should contain a decline..

Resistance is at 1058 to 1068 Beyond that sellers should appear near the 1096 to 1101. Above that resistance is at 1164 to 1169.. Traders can sell at 1164 and risk a close over 1169 for three days in a row..

The Lively Livestock

April Cattle
Support is near 7777 to 7762 an extended trade under 7762 is negative and augurs for a test of 7687 to 7672 and the 7602 to 7587 region. . Below that 7512 to 7487 should hold. Traders can buy at 7512 for a turn higher risk a close under 7412 for three days

in a row..

Resistance is at the 7837 to 7867 and the 7937 to 7957 region.. Beyond that resistance should appear near the 8027 to 8047 region. .Above that sellers should appear near

8117 to 8137.. Traders can sell at 8117 And risk a close over 8227 for three days in a row.

Traders should go short if a close under 7762 occurs

April Hogs
Support is at 5792 then 5732 to 5717. Below that a test of 5652 to 5642 is likely. A close under 5637 is negative and augurs for a test of 5577 to 5552 .. Under that buyers should appear near 5507 to 5492. A close under 5492 is negative and augurs for a test of 5432 to 5417..

Nearby resistance is at 5852 to 5882 region. Beyond that resistance should appear near 5942 to 5947.. Beyond that Sellers should appear near 6022 to 6037 , Traders can sell at 6022 and hold for lower prices.. Above that 6102 to 6112 should cap a rally..

Traders should go short if a close under 5792 occurs.

Feb Bellies

Support is at 66755 to 6742 and the 6672 to 6657 region. Below that a test of 6592 to 6577 is likely. A close under 6577 is negative and augurs for a test of 6432 to 6417 .. Under that buyers should appear near 6352 to 6337 and the 6272 to 6257 region.

Nearby resistance is at 6837 region. Beyond that resistance should appear near 6907 to 6917 then 6987 to 7002 and the 7072 to 7087 region.. Beyond resistance is near 7142 to 7172 .. Beyond that Sellers should appear near 7242 to 7272 and the 7327 to 7342 region , Traders can sell at 7322 and hold for lower prices..

Aggressive Traders should go short if a close under 6657 occurs.

Stay tuned for Livestock Updates and Flashes

A ship in Harbor is Safe.. But that's not what ships are built for

Happy Trading !

Bill

Sunday January 28, 2001

11:00 AM
THIS PUBLICATION CONTAINS THE VIEW AND OPINIONS OF THE AUTHOR, EXCEPT WHERE OPINIONS ARE ATTRIBUTED TO OTHER SOURCES. WRITTEN PERMISSION IS REQUIRED PRIOR TO ANY DISTRIBUTION OR REPRODUCTION. FUTURES TRADING ARE RISKY AND CAN CAUSE SUBSTANTIAL FINANCIAL LOSS. THE USE OF OPTIONS AND OPTION TRADING INVOLVES A HIGH DEGREE OF RISK. THE USE OF STOPS MAY NOT LIMIT LOSSES TO INTENDED AMOUNTS. SPREAD POSITIONS MAY NOT BE LESS RISKY THAN OUTRIGHT FUTURES POSITIONS. PAST RESULTS ARE NOT NECESSARILY INDICATIVE OF FUTURE RESULTS. SOURCES ARE BELIEVED TO BE RELIABLE BUT NO ASSURANCE IS MADE FOR ACCURACY. ADDITIONAL RISK DISCLOSURE IS AVAILABLE.

FuturesCom is Not Responsible for electronic or transmission errors.

FuturesCom Investment Publications Performance and Positions : as of 1-26-2001

Value of All Programs Combined:
Feb 1997 $ 55,000.00 Starting Value

Feb 1998              $   156,863.95
Feb 1999              $   510,797.05
12-31-1999           $   985,301.15

02-13-2000           $ 1,041,610.45
12-29-2000           $ 1,347,458.70
01-26-2001           $ 1,556,450.90
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Premier Service Flashes Archives :   http://www.futurescom.com/premier.htm

02-09-1998 Inception Value $ 101,863.95 Inception Value
02-23-1999 Value $ 404,088.95

01-01-2000 Value $ 741,034.25

02-24-2000 Value $ 786,154.75

12-29-2000 Value $ 1,018,532.80

01-12-2001 Value                           $ 1,090,096.50
01-26-2001 Value                           $ 1,155,139.00

Recommended Open Positions as of 1-26-2001
Long 2 March Silver 460
Long 5 April Gold 268.3

Long 5 March Yen 8442

Short 4 Feb Bellies 6610
Long 10 March Copper 8310 Avg
Long 5 March Coffee 6750

Long 5 March Cotton 6065

Long 5 March Wheat 283 1/4
Long 5 May Beans 475 1/2
Short 5 May Bean 500 Calls 7 1/2
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Bi Weekly Investment Outlook(BW) Archives: http://www.futurescom.com/bwparc.htm
02-13-2000 Value $ 55,000.00 tracking year starting value

08-18-2000 Value $ 70,417.90 6 month

12-29-2000 Value                              $ 77,577.80
01-12-2000 Value                              $ 84,333.45
01-26-2000 Value                              $ 89,968.70 +63%

Recommended Open positions as of 1-26-2001: Long March SP500 1374

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Index Program
Archives: http://www.futurescom.com/indexfl.htm

02-13-2000 Inception Value $ 150,455.70

12-29-2000 Value                         $ 197,750.70
01-12-2001 Value                         $ 229,325.70
01-26-2001 Value                         $ 242,325.70 +61 %

Recommended Open positions as of 01-26-2001 NONE

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Morning Comments ( MC )Archives : http://www.futurescom.com/mcper00.html
02-13-2000 Value                              $ 50,000.00 tracking year starting value
12-29-2000 Value                              $ 53,597.40
01-12-2001 Value                              $ 65,702.40
01-26-2001 Value                              $ 69,017.40 +38%

Recommended Open positions as of 1-26-2001: None

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Material Assumptions: FuturesCom’s Tracking Begins and Ends during February.
Starting Value was established at $55,000 for BW in Feb. 12 1997 and each year there after.
Gains from the Bi-Weekly Investment Outlook(BW) during 1997 funded the Premier Service in 1998. Gains from the BW in 1998 funded the Morning Comments (MC) in 1999. Gains from MC and BW in 1999 funded the Index Program for the year 2000. Each trade is derived from FuturesCom's Bi-Weekly Investment Outlooks, Morning Comments, Index Flashes , Premier Flashes and updates that pertain to the same. The slippage and fees are computed at $ 50.00 per round turn trade, and charged upon exit. Prices are derived from Entry and exits of related Futures Contracts. Updates of trade results are periodically made to http://www.futurescom.com

HYPOTHETICAL PERFORMANCE RESULTS HAVE MANY INHERENT LIMITATIONS. SOME OF WHICH ARE DESCRIBED BELOW. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFITS OR LOSSES SIMILAR TO THOSE SHOWN. IN FACT, THERE ARE FREQUENTLY SHARP DIFFERENCES BETWEEN HYPOTHETICAL PERFORMANCE RESULTS AND THE ACTUAL RESULTS SUBSEQUENTLY ACHIEVED BY ANY PARTICULAR TRADING PROGRAM. ONE OF THE LIMITATIONS OF HYPOTHETICAL PERFORMANCE RESULTS IS THAT THEY ARE GENERALLY PREPARED WITH THE BENEFIT OF HINDSIGHT. IN ADDITION, HYPOTHETICAL TRADING DOES NOT INVOLVE FINANCIAL RISK, AND NO HYPOTHETICAL TRADING RECORD CAN COMPLETELY ACCOUNT FOR THE IMPACT OF FINANCIAL RISK IN ACTUAL TRADING. FOR EXAMPLE THE ABILITY TO WITHSTAND LOSSES OR TO ADHERE TO A PARTICULAR TRADING PROGRAM IN SPITE OF TRADING LOSSES ARE MATERIAL POINTS, WHICH CAN ADVERSELY AFFECT ACTUAL TRADING RESULTS. THERE ARE NUMEROUS OTHER FACTORS RELATED TO THE MARKET IN GENERAL OR TO THE IMPLEMENTATION OF ANY SPECIFIC TRADING PROGRAM WHICH CANNOT BE FULLY ACCOUNTED FOR IN THE PREPARATION OF HYPOTHETICAL PERFORMANCE RESULTS AND ALL OF WHICH CAN ADVERSELY AFFECT ACTUAL TRADING RESULTS.

FuturesCom is Not Responsible for electronic or transmission errors.