FuturesCom Investment Publications
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Bi-Weekly Investment Outlook (BW) Sunday Oct 10 1999
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"Among the hazards of speculation the happening of the unexpected - I might even say the unexpectable - ranks high. There are certain chances that the most prudent man is justified in taking - chances that he must take if he wishes to be more than a mercantile mollusk--" Reminiscences of a Stock operator.

Sunday, October 10, 1999
06:00 AM

On the Frenzied Forex Front

Dec. Japanese-Yen

Nearby Support should appear near 9388 under that support should appear near the 9347 to 9316 region. Traders can buy at 9335 and risk a close under 9317 for three days in a row. Under that support should appear near 9225 and the 9151 to 9140

region.

Nearby Resistance is at 9429 and 9446, a close over 9446 is friendly and augurs for a test of the 9526 to 9542 region. Beyond that resistance is at 9625 to 9641 a close over is friendly and indicates a test of the 9707 to 9737 region and beyond...

Traders should go long is a close over 9446 occurs.

Dec. Swiss

Support is at support is at 6673 and 6659 a close under 6659 augurs for a test of 6626. Under that support is at 6615 and 6591 to 6577, Traders can buy at 6617 for a bounce, risk 50 pt. Under that 6509 to 6482 offers support. A close under 6482 is negative and augurs for a test of 6430 to 6417.

Nearby Resistance is at 6707 and 6718 A close over 6718 is friendly and augurs for a test of 6741 to 6755. Traders can sell at 6741 for a turn, risk a close over 6755 for three days in a row. Beyond that sellers should appear near 6782 and the 6809 to 6836 region.

Traders Should go short if a close under 6659 occurs, Stay tuned for Flashes...

Dec. British Pound

Support should appear near 1.6462 and 1.6420. Below that support is at 1.6334 then 1.6286 under that support is at 1.6150 and 1.6090

Resistance is at 1.6520 and 1.6550 , a close over 1.6550 is friendly and augurs for an eventual test of 1.6720 the 1.6890 to 1.6960 region. Beyond that resistance is at 1.7130 traders can sell at 1.7130 and risk a close over 1.7310 for two days in a row.

Dec. Canadian Dollar

Nearby Support 6782 under that support should appear near the 6755 to 6741 region. Under that support is at 6720 to 6707 then 6673 to 6659 ... Aggressive traders can buy at 6707 for a turn higher , risk a close under 6673 for three days in a row.

Resistance is at 6804 to 6809 and 6822 then 6836 and 6871. Above that sellers should appear near 6906 to 6919 , Traders can sell at 6906 for a turn lower and risk a close over 6916. Beyond that resistance is neat the 6990 to 7003 region.

Stay tuned for FuturesCom's Forex flashes

Precious Metals
Dec. Gold

Nearby Support is at 319.3 and 315.7 to 314.9 , traders can buy at 315.7 for a turn higher, risk a close under 312.5 for three days in a row. Below that support is at 310.2 to 309.2 and 306 Aggressive traders can buy at 306 and hold for higher prices. Below that

299 to 297 should contain a decline.

Resistance is at 326.1 to 327, beyond that sellers should appear near 331.9 to 333 and 337.7 to 336 A close over 338.6 is friendly and augurs for a test of 347 to 350.5 and 355

Traders should go long if a close over 327 occurs.

Dec. Copper

Nearby Support is at 7605 and 7550. Under that support is at 7445 and the 7350 to 7330 region , which should contain a decline for a bit. Traders can buy at 7350 and risk a close under 7240 for three days in a row. Under that 7170 to 7145 offers support.

Nearby Resistance is at 7720 to 7750 and 7820 Beyond that resistance should appear near the 7865 region. A close over 7865 is friendly and augurs for a test of 7950.

Beyond that a test of 8025 to 8045 is likely..If it holds.

Traders should go long if a close over 7780 occurs

Dec. Silver

On the DownSide nearby support should appear near 548 and 540.5 then 535.6 to 534., Traders can buy at 535.5 and risk a close under 527 for two days in a row.

Under that support is at 521 to 518.

On the Upside. Nearby resistance is at 562 and 569.5 to 571.5/ 573 A close over 573 is friendly and indicates a test of 580.5 and eventually 588 to 592 and the 602 to 603.5

if it holds..

Traders should go long if a close over 573 occurs.

Stay tuned for Flashes...

The Exciting Energies
Nov. Crude

Resistance is at 2126 to 2134. A close over 2134 is friendly an augurs for a test of 2170 to 2185 Beyond that sellers should 2219 to 2226 and 2267 to 2275

Above that 2315 to 2322 offers resistance. Traders can sell at 2315 for a turn lower risk a close over 2370 for three days in a row.

Nearby Support is at 2085 to 2074 Below that support is at 2042 to 2034 and 2025. Aggressive Traders can buy at 2034 for a good bounce, risk a close under 2025.

Below that support is at 1996 to 1982 and the 1953 to 1946 region

Trade accordingly.

Nov. Unleaded Gas

Nearby Support is at 5880 to 5855. Below that support is at and 5805 to 5792 Traders can buy at 5805 and risk a close under 5791 for two days in a row. Under that support should appear near 5725 to 5716 and 5655 then 5577 to 5553 and the 5356 to 5344 region..Aggressive Traders can buy at 5356 and hold for higher prices..

Resistance should appear at 5945 to 5957 and 6003. A close over 6003 is friendly and augurs for a test of 6101 to 6113, beyond that resistance should appear near 6165

to 6190 Traders can sell at 6165 and risk a close over 6190 for three days in a row.

Beyond that resistance is near the 6257 to 6270 region and 6417 to 6430

Traders can sell at 6417 and risk 100pts.

Nov. Heating Oil

Resistance is at 5418 and 5456. A close over 5456 is friendly and augurs for a test of 5553 to 5577 Beyond that resistance is at 5640 to 5653. Traders can sell at 5640

for a turn lower and risk 100 pts. Beyond that resistance is at 5716 to 5729 A close over 5729 is friendly and augurs for an eventual test of the 5855 to 5880 region.

Nearby Support is at 5321 and 5211 to 5200 Below that support is at 5146 to 5126 Traders can buy at 5139 and risk a close under 5126 for three days in a row. Under that 5067 to 5036 should hold.. Under that buyers should appear near 4995 to 4775 and 4856 to 4845.

Trade Accordingly. and Stay tuned for Flashes

The Grand Grains
November Beans

Support is at 491 1/4 and 487 then 485 3/4 to 484. Traders can buy a dip to 487 1/2 and risk a close under 484 1/2 for two days in a row, below that support should appear near 482 and the 478 1/2 to 477 region.

Nearby Resistance is at 492 3/4, a close over 492 3/4 is friendly and augurs for a test of the 497 1/2 to 499 region. Beyond that resistance is at 503 3/4 to 506 3/4.

A close over 506 3/4 is friendly and indicates a test of 512 1/2 and eventually

515 1/2 to 519

Traders should go long if a close over 492 3/4 occurs.

Dec. Soybean Meal

Support is near 150.6 and the 149.6 to 148.4 region. Below that support at 146.8 and the 145.9 to 145.3 region should contain a decline. Traders can buy at 146.8 and risk a close under 145.3 for three days in a row.

Resistance is at 152.8 to 153.5 and 154.1 A close over 154.1 is friendly and augurs for a test of 156.9 to 157.6 Beyond that a test of 160.9 to 161. 5 is likely.

Traders should go long id a close over 154.1 occurs.

Dec. SoyBean Oil

Resistance is at 1716 and the 1731 to 1738 region. A close over 1738 is friendly and indicates a trade towards the 1774 to 1780 region. Beyond that resistance is at 1808 to 1822

Support is at 1689 and the 1656 and 1642 region Under that support is at 1615 to 1609 and the 1576 to 1569 region which should contain a decline..

Traders should go long if a close over 1716 occur.

Trade Accordingly and Stay tuned

Dec. Wheat

Resistance is at 255 1/2 to 257 3/4 then 259 3/4 A close over 257 3/4 is friendly and

indicates a test of 265 1/2 and beyond towards resistance at 271. Above that Sellers should appear near 278.

Support is at 253 3/4 and 248 to 246 Below that support is at 242 and 237

Traders should go long if a close over 257 3/4 occurs

Dec. Corn

Resistance is at 200 1/2 to 201 then 204 to 206 Beyond that sellers should appear near 208 3/4 and 211.

Support is at 195 3/4 and 194 1/4 then 190 3/4 to 190 1/4. Below that 187 should contain the decline for a bit.

The Satisfying Softs
Dec. Cotton

On the DownSide support is at 5344 and 5282 to 5259 Under that buyers should

appear near 5211 to 5200 and the 5139 to 5127 region. Traders can buy at 5211 and risk a close under 5127 for three days in a row. Below that support is at 5102 and the 5067 to 5036 region.

Resistance is at 5356 and 5395..A close over 5356 is friendly and augurs for another test of 5430 then 5460. Beyond that resistance is at 5492 to 5504, a close over 5504 is friendly and augurs for a trade towards the 5555 to 5577 region. Beyond that sellers should appear near 5640 to 5653 and 5717 to 5729, beyond that good resistance should appear near the 5792 to 5805 region.

Traders should go long if a close over 5356 occurs.

March Sugar
Support is at 682 and 671. Below that 661 to 656 should contain a decline.

Traders can buy at 661, for a turn higher and risk a close under 656 for two days in a row.

Resistance is at 695 and the 704 to 712 region. Beyond that sellers should appear near 735 to 738 and 763 to 767. Traders can sell at 763 for a turn lower and risk a close over 767 for three days in a row

Traders should go long if a close over 695 occurs.

Dec. Coffee

On the DownSide, support is at 8500 to 8485 under that support is at 8405 to 8390 aggressive traders can buy at 8390 and risk a close under 8300 for two days in a row. Under that buyers should appear near 8225 to 8205 and the 8135 to 8120 region. Which should hold and contain a decline for the near term.

On the Upside, Resistance is at 8560 to 8580. As close over 8590 is friendly and augurs for a test of 8670 to 8690. Beyond that a test of resistance near 8855 to 8870 is likely. Above that 8935 to 8965 and 9045 to 9060 offer resistance..

Traders should go long if a close over 8590 occurs

Dec. Cocoa

Resistance is at 941 an extended trade or close over 941 is friendly and augurs for a test of the 968 to 972 region. Beyond that resistance is at 1000 to 1005 and 1018.

Beyond that resistance is near 1032 to 1036

Support is at 932 and then 912 to 907 region Below that Buyers should appear near 896 then 882 to 887.

Stay Tuned for Flashes.

The Lively Livestock
Dec. Cattle

Support is at 6952, a slip under augurs for a test of 6922 to 6912. Below that support is at 6877. A close under 6877 is negative and augurs for a test of the 6837 and 6812 to 6792. Under that support should appear near the 6755 to 6742 region. Traders can buy at 6742 and risk a close under 6707 for three days in a row.

Resistance is at 6990 to 7002 and 7027 to 7037. Beyond that resistance should

appear near 7072 to 7082 and 7102 and cap a rally.

Dec Hogs

Support should appear near 4497 and 4462, a close under 4462 is negative and augurs for a test of 4397 and the 4382 to 4367 region. Below that support is at 4352 and 4307 then 4282. Traders can buy at 4282 for a turn higher, risk a close under 4237 for two days in a row.

Resistance 4557 then 4567 to 4582. Beyond that sellers should appear near

4612 and the 4652 to 4672. Beyond that a test of 4717 and the 4772 to 4787

region is likely. Beyond that sellers should appear near 4845 to 4855 and the 4972

to 4997 region. Above that resistance is at 5037 to 5067

Traders should go long if a close over 4582 occurs.

Stay Tuned for Flashes ...

The Sensational Stock and Bond Markets
Dec. Bonds

On The DownSide nearby support is at support is at 112-15 and 112-05 to 112-03
Under that support is at 111-27 and 111-18. Below that buyers should appear

near 111-05 and 110-09

On the Upside Nearby Resistance is at 112-30 then 113-01 to 113-06 Beyond that test of 113-18. Above that sellers should appear near 114-05. A close over 114-05 is friendly augurs for an eventual test of 115-00 to 115-05.

Traders should go long if a close over 113-18 occurs.

Dec. SP 500

On the DownSide Nearby Support is at 1346 and 1340 under that 1334 to 1333.20 should contain a decline basis the close.. Traders can buy at 1340 and risk a close under 1334 for three days in a row. Below that buyers should appear near 1324.30 to 1322 Aggressive traders can buy at 1322 and risk a close under 1315 for two days in a row. Under that support is at 1310 to 1307 then 1304 and 1299.40 to 1296.2 under that support near 1289 and the 1283.50 region should contain a decline, below that support should appear near the 1274 and the 1271 to 1268 region. Under that

buyers should appear near 1253 to 1350.30 which should stop a decline..Traders who have ice Water in their Veins should Buy at 1253.50 and hold for higher prices.

Nearby Resistance is at 1347.40, a close over is friendly and augurs for a test of 1359.80 and the 1361.50 to 1364.10 region.. An or close over 1361.50 is friendly and augurs for a test of the 1377 to 1383 region. Beyond resistance is at 1391.50 then 1399 and 1410.20. Above that sellers should appear near 1415 to 1421 and cap a rally Traders can sell at 1421 and hold for lower prices.

Traders should Stay Tuned for SP500 Flashes

Dow Jones Industrial Avg.
Support is at 10,630 Below that support is at 10,580 to 10,576. Below that support is at 10,508 and the 10,470 to 10,458 region. Below that buyers should appear near 10,419 and 10360 to 10,340 under that 10,320 should contain a decline basis the close for the time being. Below that buyers should appear near 10,293 and the 10,181 to 10,155

region.

Resistance should appear near 10,680 a close over is friendly and augurs for a test of 10,722 and 10,797 then 18,820 to 10,839. A close over 10,820 is friendly and indicates a test of the 10,923 and more likely 10,960 Beyond that resistance is at 10,985 and 11,010 then 11,050.

A ship in Harbor is Safe.. But that's not what ships are built for.
Happy Trading
Bill
Oct. 10 1999
11:33 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 IS 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.

Starting Total value 2-12-1997 $ 55,000.00
Current Combined Value 10-08-1999 $ 806,192.10
9-12-99 BW recommended Open Pos and Value
http://www.futurescom.com/bwparc.htm
2-12-99 Value 55,000.00
8-28-1999 Value 73,310.55
9-12-1999 Value 92,866.35
9-24-1999 Value 81,150.20
10-08 Current 91,406.15
Long Dec Cotton at 5195
Long Dec Coffee at 8670
Long 2 Dec Bonds at 113-29 avg
Long Dec Canadian Dollar 6854
Long Dec British Pound at 1.6560
Long 2 Dec Yen at 9441 avg
Short Dec Live Cattle at 7002
Long Dec Crude Oil at 2270
Long Dec Corn at 202 1/2
Long Dec Copper at 7840

10-08-99 MC recommended Open Pos. NONE http://www.futurescom.com/mcperf.htm
2-12-1999 Value 51,708.10
8-28 Value 92,507.60
9-12 Value 102,611.20
9-24 Value 103,069.50
10-08 Current Value 113,686.70
10-08-99 Premier recommended Open Pos and Value
http://www.futurescom.com/premier.htm
2-09-1998 Value 101,863.95
2-23-1999 Value 404,088.95
Aug. 1 1999 Value 549,583.85
Aug 15 Value 583,476.55
Aug 28 Value 577,238.55
Sept 12 Value 593,734.25
Sept 24 Value 537,309.25
Oct 08 Current Value 601,099.25
Long 2 Dec SP500 1290.80
Long 12 Dec Cocoa at 1033 Avg.
Long 5 Dec cocoa at 8590
Long 4 Dec yen at 9493
Long 5 Dec wheat at 268
Long 5 Dec Silver at 568
Long 5 Dec gold at 523.5
Long 5 Dec cotton at 5345
Long 5 Nov. Beans at 492 1/2

Material Assumptions:
Beginning Value was established at $55,000 Feb. 12 1997.
Each trade is derived from FuturesCom's Bi-Weekly Investment
Outlooks, Morning Comments, Premier Flashes, Flashes and UpDates which 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.
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..
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