Sat, Nov 20, 1999

10:30 AM

The Sensational Stock and Bond Markets

Dec. SP 500

On the DownSide Nearby Support is at 1423.10 to 1421 and 1419.40 to 1418 a slip under 1418 augurs for a test of 1415.80 to 1415.40 / 1415 A close under 1415.80 is negative and augurs for a test of 1405.40 and the 1402 to 1399 region.. Under that support should appear near 1391.60. Below that support should appear near 1383 to 1380 which should stop a decline for a bit. Failure of 1380 to 1377 basis the close would indicate a test of 1363 to 1361.50. Where Traders can buy at 1361.50 and hold for higher prices.. Below that support is at 1353.20 to 1351.60 and 1346.

Nearby Resistance is at 1437 then 1445.40 to 1347.40 and 1453 above that sellers should appear near 1356 to 1459 region. Traders can sell at 1459 and risk a close over 1460.90 for three days in a row. Above that Resistance is at 1471.50 and 1478.30.

Beyond that sellers should appear near 1484 to 1489 and Cap the rally...

Traders should go short if a close under 1415.80 occurs..

Traders should Stay Tuned for Daily 'MC' SP500 Flashes

Cash NASDAQ

Support is at 3352.5 a slip under augurs for a test of the 3328 to 3319 region Below that a test of 3298 is likely . A close under 3298 is negative and augurs for a test of 3270 to 3261. Below that a Test of 3213 to 3194 is likely. A close under 3194 would indicates that an eventual test of 3157 to 3148 and the 3102 to 3092 region should

occur.. Where buyers should step in and stop a decline

Dec. Bonds

On The DownSide nearby support is at support is at 113-12 under that support is at 113-02 . Which should contain a decline but probably won't.. A close under 113-02 is negative and augurs for as test of 112-17 and the 112-02 region Below that Traders can buy at 111-09 and risk a close under 110-27 for three days in a row.

On the Upside Nearby Resistance is at 113-24 to 113-28 and 114-02 I, a close over 114-02 is friendly and augurs for a test of 115-02 and 115-13. Beyond that resistance should appear near 115-23 Traders can sell at 115-23 and risk a close over 116-09 for three days in a row . Above that resistance is at 116-25 and 117-11.

Trade accordingly...

On the Frenzied Forex Front

Dec. Japanese-Yen

Nearby Support should appear at 9429 to 9422 Under that support should appear near 9409 and 9388, under that support is near the 9347 to 9316 region where buyers should appear and stop a decline. Traders can buy at 9347 for a good turn higher and risk a close under 9302 for two days in a row .. Below that good buyers should appear near 9262 and 9231. Below that support is at 9156 to 9140 then 9100 to 9088 and the 9060 to 9040 region. Aggressive Traders can buy at 9101 and hold for higher prices...

Nearby Resistance is at 9438 to 9446. A close over 9446 is friendly and augurs for a test of 9485 and eventually the 9526 to 9542 region. Beyond that resistance is at 9575 to 9583 a close over 99583 is friendly and indicates at test of the 9625 to 9641 region and beyond towards 9707 to 9736 .

Traders should go long is a close over 9446 occurs. ....Stay Tuned for Flashes

Dec. Swiss

Support is at support is at 6430 to 6417 then 6385 to 6583.. Traders can buy at 6431 and risk a close under 6386 for three days in a row. Below that 6350 to 6337 should hold , under that support is at 6302.

Nearby Resistance is at 6454 to 6456..A close over 6456 is friendly and augurs for a test of 6483 to 6509 and 6525.. Beyond that sellers should 6548 and 6577 to 6591.

Beyond that sellers should appear near 6624 and the 6659 to 6673 region. Traders can sell at 6658 and hold for lower prices. Above that sellers should appear near 6707 and 6722 then 6741 to 6755.

Traders Should go long if a close over 6457 occurs.

Stay tuned for Flashes...

Dec. British Pound

Support should appear near 1.6150 to 1.6240 and 1.6120 then 1.6090. Traders can buy at 1.6168 and risk a close under 1.6150 for three days in a row. Under that buyers should appear near 1.6062 and the 1.5990 region. Under that support at 1.5926 should bring out buyers.. Below that 1.5760 to 1.5690 should hold...

Resistance is at 1.6242 to 1.6254 and 1.6286. A close over 1.6286 is friendly and augurs for a test of resistance at 1.6340 to 1.6356 and the 1.6420 to 1.6450 region.

Beyond that resistance is at 1.6486 and 1.6550. Traders can sell at 1.6550 and hold for lower prices. Initially Risk a close over 1.6640 for two days in a row.

Trade Accordingly and stay tuned for Flashes..

Dec. Canadian Dollar

Nearby Support is a 6836 and 6822 then 6809. An extended trade under 6809 is negative and augurs for a test of 6782 to 6773 and eventually the 6755 to 6741 region. Under that support is at 6729 and 6707. Below that buyers should appear near 6673 to 6659 and 6626.

Resistance is at 6856 then 6872 to 6882. Above that sellers should appear near the 6906 to 6919 region ...Traders can sell at 6906 for a turn lower and risk a close over 6916 for three days in a row Beyond that resistance is near the 6990 to 7003 region.

Traders should go short if a close under 6822 occurs.

Stay tuned for FuturesCom's Forex flashes

Precious Metals

Dec Gold

Nearby Support is at 295.3 and 293.7 to 292.8.. Traders can buy at 293.2 and hold for higher. Below that support is at 291.06 and then 288.3 to 287.4 region Under that 285 to 282.9 should contain a decline.

Resistance is at 297.20 to 299 .. Beyond that sellers should appear near 303.6 to 304.5 and 305. Beyond that a test of the 309.2 to 310.2 region is likely.

Traders should go long if a close over 297.4 occurs.

Dec. Copper

Nearby Support is at 7835 and 7810.. Below that support is at 7775 to 7760..Traders can buy at 7780 and hold for higher prices .. Under that 7690 to 7675 should hold and risk a close under 7580 for three days in a row.

Nearby Resistance is at 7865 and 7955. A close over 7955 is friendly and augurs for an eventual test of the 8030 to 8045 region and most likely 8115 then 8155 to 8215. Above that Resistance should appear near 8355 and the 8485 to 8505 region.

Traders should go long if a close over 7955 occurs

Dec. Silver

On the DownSide nearby support should appear near 512 and the 506.5 to 503.5

region .. Traders can buy at 506.5 and risk a close under 499.5 for three days in a row. Under that buyers should appear near the 495 to 491 region.

On the Upside. Nearby resistance is at 517. A close over 517 is friendly and indicates a test of 520 to 521.5 and eventually 535 to 541 if it holds. Beyond that a test of 555 is likely.

Stay tuned for Flashes...

The Exciting Energies

Trade Accordingly and Stay Tuned For Flashes..

Jan Unleaded Gas

Resistance should appear at 7114 then 7140 to 7170 and the 7242 to 7256 region

Beyond that a test of 7325 to 7345 is likely.. A close over 7345 is friendly and augurs for a test of 7420 and the 7486 to 7513 region..

Nearby Support is 7088 to 7074 , traders can buy at 7088 and risk a close under

6990 for three days in a row. Below that support is at 6836 to 6809 and the 6755 to 6740 region which should contain a decline in the near future..

Jan Heating Oil

Resistance is at 6835 and 6873 then 6905 to 6920 Beyond that sellers should appear near the 6990 to 7005 region. A close over 7005 is friendly and augurs for a test of

7075 to 7090 and the 7140 to 7170 region..

Nearby Support is at 6810 to 6790, Traders can buy at 6755 and plan on risking a close under 6659 for three days.. Under that support is at 6707 and the 6675 to 6655

region. Below that 6591 to 6577 should contain a decline in the near term..Below that Buyers should appear near the 6509 to 6483 region..

Trade Accordingly. and Stay tuned for Flashes

The Grand Grains

We will move our analysis for most of the Grains to March during the

Thanksgiving Holiday....

Jan Beans

Support is at 463 3/4 under that buyers should appear near 458 1/4 to 457 and 477 to 475 1/2 then 470 to 468. Traders can buy at 464 and risk a close under 457 for three days in a row, below that support should appear near 451 1/2 to 450 3/4 and 444 3/4

Nearby Resistance is at 465 and 469 1/2 to 471 3/4. A close over 471 3/4 is friendly and augurs for a test of 477 1/2 to 478. Beyond that resistance is at 484 1/2 to 485 3/4. .

Traders should go long if a close over 465 1/4 occurs.

Dec. Soybean Meal

Support is near the 145.3 and 144.6 under that support is at 142.1 to 141.5

Traders can buy at 142.6 and hold for higher prices.. Under that 138.3 to 137.7

should hold.

Resistance is at 148.4 to 149.6 and 150.8 Beyond that a test of 152.9 to 153.50

is likely. A close over 153.50 is friendly and augurs for a test of 156.9 to 157.6

Dec. SoyBean Oil

Resistance is at 1655 and the 1689 to 1696 region. Above that resistance is at 1716 and 1731 to 1738 and 1774 to 1780..

Dec. Wheat

Resistance is at 244 1/2 and 250 1/2. A close over 250 3/4 is friendly and indicates a test of 256 1/2. Beyond that resistance is at 262 1/2.. Above that Sellers should appear

near 269 3/4.

Support is at 241 1/4 and 237 to 235 below that support is at 232 to 231 1/4 and the 227 1/2 to 226 1/2 region which should contain a decline for a bit.

Dec. Corn

Resistance is at 193 3/4 and 195 1/2 and 197 to 199 then 201 .

Support is at 190 3/4 to 190 1/4 and 186 1/2 to 185 3/4.

The Satisfying Softs

March Cotton

On the DownSide Support is at 5067 to 5036. Under that buyers should appear near 4997 to 4973 and 4926 to 4915. Traders can Buy at 4926 and risk a close under

4845 for Three days in a row. Below that support is at 4786 to 4775.

Resistance is at 5127 to 5139 and 5151.. .A close over 5151 is friendly and indicates a test of 5200 to 5211. Beyond that sellers should appear near 5259 to 5282 then 5344 to 5356.

Traders should go long if a close over 5151 occurs.

March Coffee

On the DownSide, support is at 113.60 / 113.00 and 112.40 Under that support is at 111.55 and the 110.10 to 109.60 region Traders can buy at 109.60 and hold for higher prices.. Under that support is at 106.80 to 105.80. Below that buyers should appear near the 103.60 to 103.20 region. Which should hold and contain a decline for the near term. Traders can buy at 103.60 and risk a close under 103.20 for three days in a row. Under that 100.50 to 100.00 offers support.

On the Upside, Resistance is at 114.70 an extended trade over augurs for a test of 116.40 to 116.90 A close over 116.90 is friendly and indicates a test of 118.05 and beyond towards the 119.20 to 120.30 region Above that resistance is at 123.20 to 123.80 and the 126.80 to 127.40 region. Beyond that a touch of the 130.40 to 131.90 is likely.

Traders should go long if a close over 116.90 occurs

March Cocoa

Resistance is at 852.. A close over 852 is friendly and augurs for a test of the 877 to 882 region. An extended trade or close over 882 indicates a test of the 907 to 912

region. Beyond that good sellers should appear near 932 to 941. Traders can sell at 932 and risk a close over 942 for two days in a row.

Support is at 847 and 835 under that 823 to 814 offers support .. Below that buyers should appear near 795 to 791 and the 767 to 763 region. Traders can buy at 776

and risk a close under 763 for three days in a row. Below that support is at 739 to 735..

Traders should go long if a close over 852 occurs.

Stay Tuned for Flashes.

The Lively Livestock

Dec. Cattle

Support is at 6982 and 6907 , Traders can buy a 6907 and risk a close under 6807 for two days in a row .. Below that support is at 6877 to 6852. then 6837 to 6807 Below that buyers should appear near the 6797 to 6782 region where Aggressive
Traders can buy at 6787 and risk a close under 6727 for three days in a row.

Dec. Hogs

Support should appear near 5067 and 5037.. Under that buyers should appear at 4982 to 4972. A close under 4967 is negative and augurs for a test of the 4857 to 4842 region where Traders can buy at 4857 and risk a close under 4772 for three days in a row.

Below that Support should appear near 4717 to 4692 and the 4582 to 4577 region.

Nearby Resistance should appear near 5137 and 5167 to 5182 Above that sellers should appear near 5200 to 5212 region A close over 5212 is friendly and augurs for a test of 5267 to 5282 .A close over 5282 is friendly and indicates a test of 5342 and eventually the 5492 to 5507 region.

Traders should go long if a close over 5142 occurs..

Feb Bellies

Resistance should appear near 7677 to 7692, a close over 7692 is friendly and augurs for a test of 7762 to 7777, beyond that a test of the 7837 and the 8027 to 8047 region is likely.. a close over 8047 is bullish and indicates and eventual test of 8192 to 8222 and 8482 to 8502.

Support is at 7252 to 7242 and the 7170 to 7142 region.. Under that buyers should appear near 7087 and 7077 then 7002 to 6990.. Under that Traders can buy at 6922 and hold for higher prices..Below that support is at 6837 to 6807 and the 6755 to 6742 region.

Traders should go long if a close over 7692 occurs.

Stay Tuned For Flashes in the Pork complex..

Happy Trading

Bill

Nov. 20 1999
3:15 PM

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
Combined Value 10-08-1999 $ 806,192.10

Combined Value 10-23-1999 $ 845,112.95

Combined Value 11-05-1999 $ 921,044.40
Current Value 11-19-1999 $ 905,468.70

11-05-99 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 -1999 Value 91,406.15

10-23-1999 Value 86,586.60

11-05 -1999 Value 102,430.70

Recommended Open Positions

Long 2 Dec Wheat at 252 1/4 avg
Short 2 Dec SP500 at 1397 Avg,

Long Dec Swiss at 6520
Long Dec Silver at 516
Long Dec Bean Oil at 1649

MC recommended Open Pos and Value
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 Value 113,686.70

10-23 Value 107,552.10

11-05 Value 126,830.70
11-19 Current $ 124,088.10

Recommended Open Positions

Long 2 March Coffee Avg. 114.45

11-19-99 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 Value 601,099.25
Oct 23 Value 650,974.25

Nov 5 Value 691, 783.00
Nov 19 Current Value $ 685,829.25

Long 4 Dec. yen at 9675
Long 5 Dec. wheat at 268
Long 3 Dec. Silver at 531
Long 5 Dec. Gold at 292.3
Long 4 Feb Bellies at 7437 avg
Long 4 Dec Hogs at 5132
Long 2 March Coffee 129.75
Short 5 Dec SP500 at 1405.50 Avg.

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 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.

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..

Copyright@1999 FuturesCom Investment Publications

All Rights Reserved

is Not Responsible for Transmission Errors and omissions