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Bi-Weekly Investment Outlook
September 23rd, 2001
Experienced Since 1979 - Serving Professional and Individual Traders World Wide since 1988
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" Fear is cruel and mean. The political reigns of terror have been reigns of madness and malignity,
a total perversion of opinion; society is upside down, and its best men are thought too bad to live."
--Ralph Waldo Emerson (1803–1882), U.S. essayist, poet, philosopher.
“Courage,”--Society and Solitude (1870)
Bi-Weekly Investment Outlook
Sunday Sept 23rd, 2001
7:15 AM
Today is the first full day of autumn... As the seasons change can the world undergo a 'Sea of Change.'
Financial Markets
On the Frenzied Forex Front
December Japanese Yen
Recommended Position: Short 8560
Support should appear near 8589 to 8560, a close under 8560 augurs for a test of 8499 to 8484 and eventually the 8407 to 8391 region which should contain a decline for a bit.. Below that a test of 8314 to 8300 and the 8223 to 8195 region is likely and should hold. Traders can buy at 8225 for a good bounce , and risk a close under 8195 for three days in a row..
Resistance should appear near 8629.. Above that sellers should appear near the 8668 to 8683 region..
Beyond that resistance should appear near 8762 to 8777 and the 8856 to 8871 region.
December Euro FX
Support is at 9101.... An extended trade under augurs for a test of 9060 to 9044 and eventfully the 8964 to 8934 region... Below that support should appear near the 8871 to 8856 and the 8777 to 8762 region.....Failure there augurs for an eventual test of 8683 to 8668 .. Traders can buy at 8683 for a bounce, risk a close under 8619 for three days in a row.. .
Resistance is at should appear near the 9140 to 9156 region.. .Beyond sellers should appear near 9234 and the 9317 to 9347 region.. Above that resistance is at 9429 to 9445.. Traders can sell at 9316 for a turn lower, risk a close over 9347 for three days in a row..
December Swiss Franc
Recommended position : Short 6203
Support should appear near 6270 to 6256, a slip under augurs for a test of 6190 to 6165.. Below that buyers should appear near 6113 to 6101 . A close under 6101 is negative and augurs for a test of 6044 to 6029 and eventually the 5957 to 5945 region..Traders can buy at 5957 and risk a close under 5945 for three days in row
Traders should go short if a close under 6255 occurs..
December British Pound
Support should appear near 1.4372 and the 1.4210 to 1.4150 region. Traders can buy at 1.4120 and risk a close under 1.4140 for three days in a row..
Resistance is at 1.4530 to 1.4590..Beyond that resistance is at 1.4710 and the 1.4840 to 1.4960 region.. Beyond that sellers should appear near 1.5120 .. Above that 152.90 to 1.5350 should Cap any Rally..
December Canadian Dollar
Support should appear at 6350 to 6337.below that buyers should appear near the 6270 to 6256 region.
Resistance is at 6417 to 6430, an extended trade over is friendly and augurs for an eventual test of the 6483 to 6509 region..
December Australian Dollar
Support is at 4786 to 4775 and the 4717 to 4695 region
Resistance should appear near 4845 to 4856 ,a close over 4856 is friendly and indicates a test of 4915 to 4926 to 5283and eventually the 4973 to 4995 region.. .
The Sensational Bond and Stock Markets
30 Year December Bonds
Resistance should appear near 103-17 then 103-23 and 104-07 to 104-12.. Above that sellers should appear near 104-22 and 105-12. Traders can sell at 104-21 for a turn lower, risk a close over 105-14 for three days in a row..
Support is at 102-23 and 102-12.. traders can buy at 102-12 and risk a close under 101-31 for three days in a row. Under that support should appear near 101-19 and 101-11..
Dow Jones Industrial Average
Nearby Resistance should appear near 8300 to 8314 and 8391 to 8406, beyond that a test of the 8484 to 8499 region is likely. A close over 8499 is friendly and augurs for an eventual test of 8762 to 8777 and the 9044 to 9060 region is likely..
Nearby Support is at 8223 to 8194 then 8044 to 8029..under that buyers should appear near 7954 to 7930 and the 7864 to 7836 region.. Below that buyers should appear near 7777 to 7762 and contain a sell off...
December SP500
Recommended position : Long 968.50
Resistance is at 982.2 to 983.70 and the 992.1 to 993.70 region.. An extended trade over or close over is friendly and augurs for an eventual test of 1000.00 to 1005.00 and Beyond towards the 1058 to 1068 region.
Support should appear near 970.60 and 964.1 to 962.50 .. a slip under is negative and augurs for a test of 954.2 to 952.60 below that buyers should appear near 944.5 to 942.90 while buyers should appear near the 934.70 to 931.60 region....a close under is negative and indicates a test of 915.60 to 914.00 and the 887.10 to 885.60 region under that 858.90 to 856.00 should contain a sell off...
Pick Your Poison and Stay Tuned for Updates....
Nasdaq Composite
Resistance is at 1453 to 1459 and the 1484 to 1496 region.. a close over 1496 is friendly and augurs for a test of
1529 to 1535 and eventually the 1569 to 1576 region.. Beyond that sellers should appear near 1609 to 1615
and Cap a rally ..
Support is at 1421 to 1415 and 1383 to 1377. Below that buyers should appear near 1346 to 1334.. Under that 1310 to 1304 should contain the decline for a bit...
December Mini- Nasdaq 100
Resistance is at 1164 to 1169 and the 1192 to 1203 region.. An extended trade over 1203 is friendly and augurs for a test of 1232 to 1238 and eventually the 1304 to 1310 region.. Beyond that Sellers should appear near the
1334 to 1346 region..
Support is at 1136 to 1130 and 11101 to 1096, under that buyers should appear near 1068 to 1058, failure there augurs for a test of the 1036to 1032 region. Below that support should appear near 1005.00 to 1000, while buyers should come out of the woodwork near the 993.50 to 992 region.
Pick Your Poison...
Precious Metals
December Gold
Support should appear near 288.3 to 287.4 under that support should appear near 282.9 to 282.0 and the 277.5 to 275.8 region ..Traders can buy at 283.1 for a turn higher , risk a close under 275.8 for three days in a row..
Resistance is at 293.7 and the 287.2 to 299.0 region...a close over 299 is friendly and augurs for a test of 303.6 to 320.5 and eventually the 309.2 to 310.2 region Beyond that a test of 314.8 to 315.7 is likely..
Traders should go long if a close over 294.1 occurs..
Trade Accordingly and tuned for updates..
December Copper
Recommended position: Long 6790
Support should appear near 6590 to 6570 then 6510 to 6480 and the 6430 to 6415 region...
Below that 6350 to 6335 should contain a decline for a bit..
Resistance should appear near 6655 to 6670 a close over is friendly and augurs for a test of 6905 to 6920 and eventually 6990 to 7005..
Traders should go long if a close over 6670 occurs.
December Silver
Support should appear near 451.5 to 450.5 and the 438.5 to 437 region which should contain a decline for, a bit..
Traders can buy at 438.5 and hold for higher prices.. Below that buyers should appear near 431.5 to 430.0.Under that 425 to 423 should hold..
Resistance is at 469.5 to 472.. A close over 472 is friendly and augurs for a test of 484.5 to 486. Beyond that a test of 491.5 to 493 and eventually the 497.5 to 499 region is likely
The Exciting Energies
November Crude Oil
Resistance is at 2612 to 2620 and 2663 to 2672. Beyond that sellers should appear near 2716 to 2724 and the 2758 to 2775 region.. Traders can sell at 2716 and risk a close over 2758 for three days in a row....Above that
2820 to 2829 should cap a rally for a bit..
Support is at 2568 to 2552… Under that a test of 2519 to 2511 and eventually 2469 to 2461 is likely.. Below that buyers should appear near 2419 to 2411... Traders can buy at 2420 and risk a close under 2353 for three days in a row ...
November Unleaded Gas
Support should appear near 7090 to 7075... a close under augurs for a test of 7005 to 6990 and the 6835 to 6810 region... traders can buy at 6840 and hold for higher prices.. Below that support is at 6755 to 6740.. Under that 6670 to 6655 should hold and contain a decline ... .Failure there negative and augurs for a test of 6590 to 6570 and the 6510 to 6480 region..
Resistance is at the 7140 to 7170 then 7325 to 7340 and 7484 to 7515.. Above that sellers should appear near 7760 to 7780 and the 7835 to 7865 region, which should Cap the Rally for a bit.. Traders can sell at 7830 and risk a close over 7965 for three days in row ...
November Heating Oil
Resistance is at 7240 to 7255 then 7325 to 7345 and the 7415 to 7430 region .. Beyond that resistance should appear near the 7585 to 7605..Beyond that sellers should appear near 7760 to 7775..
Support should appear near 7170 to 7140. A close under 7140 is negative and augurs for a test of 6920 to 6905.. Below that support is at 6670 to 6655... Traders can buy at 6655 and risk a close under 6480 for three days in a row.. .
Trade Accordingly
The Lively Livestock Markets
October Cattle
Nearby Support should appear near 6757 to 6742. Below that buyers should appear near 6672 to 6652 and the 6592 to 6572 region...
Resistance is at 6837 and the 6907 to 6922 region.. A close over is friendly and augurs for a test of 6987 to 7002 and the 7142 to 7172 region.. .
December Cattle
Nearby Support should appear near 6922 to 6907 and 6837 to 6807 .. Below that support should appear near 6757 to 6742 .. Traders can buy at 6837 and risk a close under 6737 for three days in a row..
Resistance is at 6992 to 7007, a close over is friendly and augurs for a test of 7062 to 7077 and eventually the 7142 to 7172 region.. Beyond that sellers should appear near 7257 to 7272... Traders can sell at 7257 and risk a close over 7347 for three days in a row. .
Traders should go long if a close over 7007 occurs..
October Hogs
Support is at the 5957 to 5942 and the 5880 to 5855 region… Below that support is at 5805 to 5790 and the 5732 to 5717 region.. Traders can buy at 5732 and risk a close under 5717 for three days in a row.. Below that buyers should appear near 5652 to 5637 and the 5577 to 5552 region
Resistance is at 6022 to 6035 and the 6102 to 6112 region.. A close over 6112 is friendly and augurs for a test of 6167 to 6192 and the 6257 to 6270 region ...Above that a test of 6337 to 6352 is likely…
Traders should go long if a close over 6037 occurs.
Stay Tuned for updates
December Hogs
Support is at 5507 to 5492 and the 5432 to 5417 region… Below that support is at 5357 to 5342 and the 5282 to 5257 region.. Traders can buy at 5282 and risk a close under 5197 for three days in a row.. Below that buyers should appear near 5212 to 5202 and the 5142 to 5127 region
Resistance is at 5552 to 5577 and the 5642 to 5652 region.. a close over 5652 is friendly and augurs for a test of 5717 to 5732 and eventually the 5792 to 5807 region.. Above that a test of 5855 to 5880 is likely..Beyond that sellers should appear near 5942 to 5957 and the 6022 to 6037 region.. aggressive traders can sell at 6022 for a turn lower , risk a close over 6037 for three days in a row. .
Traders should go long if a close over 5577 occurs..
February Pork Bellies
Support should appear near 8317 to 8301 then 8222 to 8197 and the 8137 to 8112 region.. Below that buyers should appear near 8042 to 8027 and the 7957 to 7937 region... .. Traders can buy at 8047 and risk a close under 7957 for three days in a row.. Below that buyers should appear near 7777 to 7762 and the 7687 to 7672 region .
Resistance is at 8392 to 8407 and 8487 to 8502.. Beyond that a test of 8562 to 8587 is likely.. Above that sellers should appear near 8667 to 8687 and the 8762 to 8777 region. ..Beyond that a test of 8932 to 8967is likely...
Stay tuned for Livestock Updates and Flashes
The ‘Grand’ Grain Markets
November Soybeans
Recommended position : Long 486
Nearby Resistance is at 471 3/4 and the 477 1/2 to 478 3/4 region , an extended trade or close over 478 3/4 is friendly and augurs for an eventual test of the 484 1/2 to 485 3/4 region.. Beyond that resistance is at 491 1/2 to 492 3/4.
Nearby Support should appear near 465 to 463 3/4 and the contain a decline for a bit Below that buyers should
appear near 451 1/2 to 450 3/4 and the 444 3/6 to 442 1/4 region
Traders should go long if a close over 472 occurs..
December Soybean Meal
Recommended position: Long 2 at 167.7 avg.
Resistance should appear near the 165.5 , a close over 165.5 is friendly and augurs for a test of 168.9 to
169.6 . Beyond that a trade towards the 173.1 to 173.8 region is likely.
Support is at 161.5 to 160.9.. Below that support should appear near 157.6 to 156 and the 153.5 to 152.9 region
Traders should go long if a close over 165.5 occurs..
December Soybean Oil
Support is near 1655 to 1642 and 1615 to 1609.Under that buyers should emerge near the 1576 to 1569 region
Resistance should appear near the 1689 to 1696. Beyond that sellers should appear near 1731 to 1738 and the 1774 to 1780 region.. ...
December Corn
Resistance should appear near 221 3/4 to 222 3/4 and the 226 3/4 to 227 1/2 region ..
Support should appear near 217 and the 213 1.2 to 212 3/4 region , Under that 208 3/4 to 208 should hold..
December Wheat
Support should appear near 262 to 261 1/4 and the 256 3/4 to 255 1/2 region.
Resistance is at 267 1/4 , a close over is friendly and augurs for a test of 271 3/4 to 272 1/2 and eventually the
275 3/4 to 277 1/2 region ..
Stay Tune for Updates and Flashes..
The Satisfying Softs
December Cotton
Support should appear near 3565 to 3550 and 3505 to 3490...Under that Buyers should appear near 3385 to 3370.. Traders can buy at 3505 and risk a close under 3375 for three days in a row. .. Below that support should appear near the 3330 to 3315 region..
Resistance is at 3665 to 3685 and 3795 to 3805 . Beyond that sellers should appear near 3982 to 3992 and
the 4046 to 4056 region..
December Coffee
Support is near the 4855 to 4845 and 4715 to 4690 and 4515 to 4505..
Resistance should appear near 5035 to 5065 and 5125 to 5140. Beyond that a test of 5345 to 5355 is likely ..
Stay tuned for updates
March Sugar
Recommended position: Long at 687
Nearby Resistance is at 682 to 686 and 704 to 712, a close over augurs for a test of the 735 to7 38 region.
Beyond that sellers should appear near 763 to 767 and should cap a rally for a bit..Above that resistance should appear near 791 to 795.. Traders can sell at 762 and risk a close over 796 for three days in a row.
Support should appear near 661 to 656 and the 634 to 630 region.. under that buyer should appear near
the 586 to 582 region.
December Cocoa
Support is at the 972 to 968 and the 941 to 932 region.. Traders can buy at 972 and risk a close under 929 for three days in a row..Under that support should appear near 912 to 907 and 882 to 877. which should contain a decline basis the close . .
Resistance should appear near 1000 to 1005.. Beyond that a test of 1032 to1036 is likely.. A close over 1036 is friendly and augurs for a test of 1058 to 1068 and most likely the 1096 to 1101 region.. which should attract sellers..Traders can sell at 1096 and risk a close over 1136 for three days in a row. .
--A ship in Harbor is Safe.. But that's not what ships are built for --
Happy Trading !
Bill !
Sunday September 23rd, 2001
12:15 PM
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.
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Premier Service
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Recommended Open Positions as of 9-21-2001
Short 20 Dec Swiss Franc 6260 avg.
Long 4 December SP500 993.50
Long 5 Dec Copper 6950
Long 10 Dec Hogs 5557
Long 5 October Hogs 5925
Long 20 Nov Beans 481 1/2 avg.
Long 10 Dec Wheat 277 1/2
Long 10 Dec Soymeal 168.3
Index Program & Morning Comments (MC):
none: