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Bi-Weekly Investment Outlook
October 6th, 2001
Experienced Since 1979 - Serving Professional and Individual Traders World Wide since 1988
7690 Rockport Circle, Lake Worth, Florida 33467 Tel: 1-561-433-2995 http://www.futurescom.com
“Accomplishments will prove to be a journey, not a destination.”
-Dwight D. Eisenhower-
Bi-Weekly Investment Outlook
Saturday Oct 6th, 2001
5:00 AM
Financial Markets
On the Frenzied Forex Front
December Japanese Yen
Support should appear near 8314 to 8300 and the 8223 to 8195 region. BW Traders can buy at 8225 for a good bounce, risk a close under 8195 for three days in a row..Below that support should appear near 8135 to 8119
and the 8044 to 8029 region..
Resistance should appear near 8351, a close over is friendly and augurs for a test of the 8391 to 8407 region..
Beyond that resistance should appear near 8445 and the 8484 to 8499 region. Above that sellers should appear near 8560 to 8589..Traders can sell at 8559 and risk a close over 8630 for three days in a row.
December Euro FX
Support is at 9140 then 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 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 9156.. Beyond that sellers should appear near 9234 and the 9317 to 9347 region.. Above that resistance is at 9429 to 9445.. Traders can sell at 9429 for a turn lower, risk a close over 9542 for three days in a row..
Aggressive Traders should go long if a close over 9156 occurs.. Stay tuned for Updates…
December Swiss Franc
Support should appear near 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 long if a close over 6190 occurs
December British Pound
Support should appear near 1.4714.. Traders can buy at 1.4716 and hold for higher prices.... Below that support should appear near 1.4590 to 1.4520 and the 1.4386 region... Under that 1.4210 to 1.4150 should contain a decline
Resistance is at 1.4840 to 1.4960 Beyond that a test of 1.5120 is likely.. Above that resistance is at 1.5290 to 1.5350 ..while should cap any Rally ..Traders can sell at 1.5290 and hold for lower prices..Risk a close over 1.5350 for three days in a row.
December Canadian Dollar
Support should appear at 6383 and 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 4995 to 4973 and the 4926 to 4919 region.. Traders can buy at 4930 and risk a close under 4879 for three days in a row.. Below that 4856 to 4845 should contain a decline..
Resistance should appear near 5067,a close over is friendly and indicates a test of 5127 to 5139 and eventually the 5200 to 5211 region.. .
The Sensational Bond and Stock Markets
30 Year December Bonds
Resistance should appear near 107-17 then 108-04 . Above that sellers should appear near 108-22. Traders can sell at 108-22 for a turn lower, risk a close over 109-14 for three days in a row..
Support is at 106-12 and 105-23. a close under 105-23 is negative and augurs for a test of 104-22 and the 104-17 region...
Dow Jones Industrial Average
Resistance should appear near 9140 to 9156, beyond that a test of the 9234 region is likely. A close over 9234 is friendly and augurs for an eventual test of 9316 to 9347 and the 9422 to 9446 region. Above that resistance should appear near 9526 to 9542 and Cap a rally for a bit. Beyond that resistance is at 9625 to 9645....
Support is at 9101 and the 9060 to 9044 region.. A close under is negative and augurs for a test of 8964 to 8934 and eventually the 8875 to 8855 region.. Below that buyers should appear near 8780 to 8760 and contain a sell off..
A slip under augurs for a test of 8590 to 8560 and the 8410 to 8390 region.. .
December SP500
Resistance is at 1075 and 1082.. An extended trade over or close over is friendly and augurs for an eventual test of 1096 to 1101 and beyond towards 1115.5. Above that a test of 1130 to 1136 is likely..Beyond that resistance is at 1150 and the 1164 to 1169 region .. Traders can sell at 1163.90 for a turn lower , risk a close over 1169 for three days in a row..
Support should appear near 1068 to 1063 and 1058 a close under is negative and augurs for a test of 1036 to 1032 and eventually the 1005 to 1000 region while buyers should appear near the 993.7 to 992.1 and the 983.7 to 982.20 region....a close under is negative and indicates a test of the 973.70 to 970.60 region..Traders can buy at 973.80 and hold for higher prices......
Traders should go short is a close under 1063 occurs...
Stay Tuned for BW Updates ....
Nasdaq Composite
Resistance is at 1609 to 1615 and the 1642 to 1655 region.. a close over 1655 is friendly and augurs for a test of
1731 to 1739 Beyond that sellers should appear near 1774 to 1780 and Cap a rally ..
Support is at 1576 to 1569 and 1535 to 1529. Below that buyers should appear near 1496 to 1484.. Under that 1421 to 1415 should contain a decline for a bit...
December Mini- Nasdaq 100
Resistance is at 1304 to 1310 and the 1334 to 1346 region.. An extended trade over 1346 is friendly and augurs for a test of 1377 to 1383 and eventually the 1415 to 1421 region.. Beyond that Sellers should appear near the
1453 to 1459 region..
Support is at 1274 to 1268 and 1253... A slip under is negative and augurs for a test of 1238 to 1232, under that buyers should appear near 1203 to 1196 while a failure there augurs for a test of the 1169 to1164 region. Below that support should appear near 1136 to 1130 while buyers should come out of the woodwork near the 1101 to 1096 region
Precious Metals
December Gold
Recommended Open Position: Long 294.8
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 292.8 to 293.7 and the 297.2 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 299.1 occurs..
Trade Accordingly and tuned for updates..
December Copper
Support should appear near 6350 to 6335 and the 6190 to 6165 region... Below that 6035 to 6025 should contain the decline for a bit..
Resistance should appear near 6415 to 6430 and 6485 to 6510.. a close over is friendly and augurs for a test of 6650 to 6670..
December Silver
Support should appear near 465 to 463.5 and the 458.5 to 457 region which should contain a decline for a bit.
Traders can buy at 458.5 and hold for higher prices.. Below that buyers should appear near 451.5 to 450.5.Under that 444.5 to 442.5 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
Recommended Open Position: Long 2420
Resistance is at 2267 to 2275. a close over is friendly and augurs for a test of 2315 to 2322 and more likely the 2354 to 2370 region.. Beyond that a test of 2411 to 2419 is likely to occur. Above that resistance is at 2461 to 2469 and the 2552 to 2568 region... Traders can sell at 2551 and risk a close over 2620 for three days in a row....
Support is at 2226 to 2219 and 2134 to 2126.. Below that buyers should appear near 2088 to 2080 then 2042 to 2034 and contain a decline..
November Unleaded Gas
Recommended Open Position: Long 6840
Support should appear near 6165 and the 6115 to 6100 region .. Below that support is at 6045 to 6025.. Under that 5960 to 5945 should hold and contain a decline ... .Failure there negative and augurs for a test of 5880 to 5855 and the 5730 to 5715 region..
Resistance is at the 6255 to 6270 then 6335 to 6355 and 6415 to 6430..A close over 6420 is friendly and augurs for a test of 6485 to 6510 and eventually the 6650 to 6670 region , which should Cap the Rally for a bit.. However a close over 6670 is friendly and augurs for an eventual test of the 6990 to 7005 region..
Stay tuned for Updates..
November Heating Oil
Resistance is at 6430 and the 6485 to 6510 region .. Beyond that resistance should appear near the 6650 to 6670 Above that sellers should appear near 68305 to 6835..
Support should appear near 6270 to 6255. A close under 6255 is negative and augurs for a test of 6190 to 6165 and eventually the 6115 to 6105 region Below that support is at 6045 to 6025 ... Traders can buy at 6045 and risk a close under 5940 for three days in a row.. .
Trade Accordingly
The Lively Livestock Markets
December Cattle
Support should appear near 7007 to 6987 and the 6922 to 6907 region... Below that 6837 to 6807 should contain a decline. Traders can buy at 6927 and risk a close under 6807 for three days in a row.. . Below that support should appear near 6757 to 6742.. Aggressive Traders can buy at 6757 and risk a close under 6647 for three days in a row..
Resistance is at 7062 to 7077 and the 7142 to 7172 region.. Beyond that sellers should appear near 7257 to 7272 and the 7327 to 7342 region Traders can sell at 7327 and risk a close over 7347 for three days in a row. .
December Hogs
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
Recommended Open Position: Long 7950
Support should appear near 7427 to 7417 and the 7342 to 7327 region.. Under that buyers should appear near the 7257 to 7237 Traders can buy at 7257.. and hold.. Below that buyers should appear near 7172 to 7142 and the 7092 to 7072 region .
Resistance is at 7487 to 7512.. A close over 7512 is friendly and augurs for a test of 7587 to 7602.. Beyond that a trade towards 7672 to 7687 is likely.. Above that sellers should appear near 7762 to 7777.. While a close over augurs for a test of 7937to 7957 region. ..Beyond that a test of 8022 to 8047is likely...
Traders should go long if a close over 7512 occurs.
Stay tuned for Livestock Updates and Flashes
The ‘Grand’ Grain Markets
November Soybeans
Nearby Resistance is at 457 1/4 to 458 1/4 , an extended trade or close over 458 1/4 is friendly and augurs for an eventual test of 463 3/4 to 465 and eventually the 469 1/2 to 471 1/2 region..
Nearby Support should appear near 4511/2 to 450 3/4 and the contain a decline for a bit. Below that buyers should
appear near the 444 3/6 to 442 1/4 region .. Traders can buy at 451 1/2 and risk a close under 442 1/4 for three days in a row..Under that support should appear near 438 1/2 to 437 and the 431 1/2 to 430 1/4 region.
Traders should go long if a close over 458 1/4 occurs..
December Soybean Meal
Recommended Open Position: Long 161.5
Resistance should appear near the 164.2 to 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 1496 to 1484 and 1459 to 1453. Under that buyers should emerge near the 1421 to 1415 region
Resistance should appear near the 1535. Beyond that sellers should appear near 1569 to 1576 and 1609 to 1615 .
December Corn
Resistance should appear near 217 to 218 1/2 and 221 3/4 to 222 3/4.
Support should appear near the 213 1/2 to 212 3/4 region , Under that 208 3/4 to 208 should hold..
Traders can buy at 213 1/2 and risk a close under 208 for three days in a row..
December Wheat
Support should appear near 272 1/2 to 271 3/4 and 267 1/2 to 266.... Traders can buy at 272 3/4 and risk a close under 266 for three days in a row. Below that buyers should appear near 262 to 261 1/4 and the 256 3/4 to 255 1/2 region.
Resistance is at 275 3/4 to 277 1/2, a close over is friendly and augurs for a test of 282 to 282 3/4 and eventually the 287 1/2 to 288 1/4 region ..
Traders should go long if a close over 277 1/2 occurs..
Stay Tune for Updates and Flashes..
The Satisfying Softs
December Cotton
Support should appear near 3105 to 3090 and the 2990 to 2970 region.
Resistance is at 3375 to 3385 and 3425 to 3445 . Beyond that sellers should appear near 3490 to 3505
December Coffee
Resistance should appear near 4695 to 4720 and 4845 to 4855. Beyond that a test of 4970 to 4995 is likely ..
Stay tuned for updates
March Sugar
Resistance should appear near 661, a close over augurs for a test of the 682 to 686 region. Beyond that sellers should appear near 704 to 712 and should cap a rally for a bit..Above that resistance should appear near 735 to 738..
Support should appear near 656 and the 634 to 630 region. Under that buyer should appear near the
586 to 582 region.
December Cocoa
Recommended Open Position: Short 1096
Support is at the 1101 to 1096. Under that support should appear near 1068 to 1058 .
Resistance should appear near 1130 to 1136.. beyond that resistance is at 164 to 1169 and 1192 to 1203
--A ship in Harbor is Safe.. But that's not what ships are built for --
Happy Trading !
Bill !
Saturday October 6th, 2001
11:00 AM
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
http://www.futurescom.com/premier.htm
Recommended Open Positions as of 10-05-2001
Long 10 Dec EC 9166
Long 5 Dec Gold 294.4
Long 5 Dec Hogs 5587
Long 4 Feb Hogs 5550
Long 5 Nov Beans 463 1/2
Long 5 Dec Soy Meal 161.2
Index Program
http://www.futurescom.com/index01.htm
Recommended Open Position as of 10-5-2001:NONE
Morning Comment Day Trades (MC):
http://www.futurescom.com/mcper01.html
FuturesCom Investment Publications Performance: as of 10-05-2001
Value of All Programs Combined: http://www.futurescom.com/futures-totals.htm
Feb 1997 $ 55,000.00 Starting Value
Feb 1998 $ 156,863.95
Feb 1999 $ 510,797.05
Feb 2000 $ 1,041,610.45
Feb 2001 $ 1,306,413.50
Sept 28,2001 $ 1,437,109.20
Oct 05, 2001 $ 1,441,813.55 Current Combined Value
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Premier Service Flashes
Archives: http://www.futurescom.com/premier.htm
Feb 1998 Inception Value $ 101,863.95 Inception Value
Feb 1999 Value $ 404,088.95
Feb 2000 Value $ 786,154.75
Feb 2001 Value $ 986,850.25
Oct 05,2001 Value $ 1,133,395.25
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Morning Comments ( MC)
Archives : http://www.futurescom.com/mcper00.html
02-11-2000 Value $ 50,000.00 (tracking year starting value)
10-05-2001 Current $ 107,230.25
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Bi Weekly Investment Outlook(BW)
Archives: http://www.futurescom.com/bwparc.htm
02-11-2001 Value $ 55,000.00 (tracking year starting value)
Oct 05,2001 Value $ 52,867.35
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Index Program
Archives: http://www.futurescom.com/indexfl.htm
02-23-2000 Inception Value $ 150,455.70
12-29-2000 Value $ 197,750.70
03-09-2001 Value $ 190,850.70
10-05-2001 Current $ 148,320.70
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Material Assumptions:
BW 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. MC tracking Begins and Ends in Feb. Gains from MC and BW in 1999 funded the Index Program for the year 2000. Gains from BW and MC for year 2000 were set aside..
Premier and Index programs tracking year Begins and ends during Late Feb to Early March. 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.
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