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FuturesCom Investment Publications
 Morning Comments ,December 24th 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

"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--
Morning Comments
Monday December 24th, 2001
8:00 AM


                                                          Financial Markets 

 On the Frenzied Forex Front

March  Yen 
Support should appear near  7689 to 7675. Below that buyers should appear near  7601 to 7687 and the 7513 to 7487 region ..BW Traders can buy at 7515 for a turn higher and risk a close under 7412 for three days in a row..Under that support should appear near 7342 to 7325..
Resistance should appear near 7763 to 7777 and  7836 to 7864 .
March EC 
Recommended position long at 8818(elected This AM)
Support is at  8683 to 8668
Resistance is at 8762 to 8773 region

March Swiss Franc 
 Resistance should appear near 6023 to 6035   
 Support should appear near 5957 to 5945.. Under that support should  appear near 5880 to 5855..BW Traders can buy at 5882 and risk a close under 5849 for three days in a row. 

March  British Pound
Support should appear near the  1.4210 to 1.4150 region and should contain a decline .. a close under 1.4150 is negative and augurs for a test of 1.3990 and eventually the 1.3830 to 1.3770 region.. 

Resistance is at 1.4336 and the 1.4442. 

 March Canadian Dollar
Recommended open position long at 6357
 Support should appear at  6190 to 6165
Resistance is at 6257 to 6270
March Aussie Dollar 
 Support should appear near the 4995 to 4973
Resistance should appear near 5067 

                                                                  Stay tuned for Forex Updates


                                       The Sensational Bond and Stock Markets
March 10 Year  T-Note
Resistance should appear near 104-23 and 105-06 
Support is at 104-07 and 103-23..

Dow Jones Industrial Average
 Resistance should appear near 10,037 and the 10,104 to 10,136 region..  
 Support should appear near 9979 and the 9937 to 9921 region  

March SP500
 Resistance is at 1150 and the 1164 to 1169 region .BW . Traders can sell at 1163.90 for a turn lower, risk a close over 1169 for three days in a row.. Beyond that a test of 1180.50 and the 1192 to 1203 region is likely. 

Support should appear near 1143 and the 1136 to 1133 region. . 

BW Traders should go short if a close under 1115.00 occurs



Nasdaq Composite
Resistance is at 1946 to 1953 and  1982 to 1996  
Support is at 1909 to 1902 under that support is at 1865 to 1858

March Mini- Nasdaq 100
Resistance is at the 1609 to 1615 and the 1642 to 1655 region. . 
Support is at 1576 to 1569 then 1535 to 1529 and the 1496 to 1484 region.  

The Lively Livestock Markets  


February Live Cattle 
Recommended Position Short 6987
Support should appear near the 6922 to 6907 and 6837.
Resistance is at 7002 and  7072 to 7087 
Trade Accordingly and stay tuned for Updates.. 

 February Lean Hogs 
Recommended open position long at 5465
Support is at 5432 to 5417 and 5357 to 5342. 
Resistance is at 5492 to 5507 and 5552 to 5577..

Stay tuned for Updates and new trades in the Hogs.. 

February Pork Bellies 
 Support should appear near 7602 to 7587 and 7512 to 7482. . 
Resistance is at 7762 to 7777 and  7837 to 7862..    
   
                                               Stay tuned for Livestock and Belly Updates and Flashes

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

Happy Trading !
Bill ! 

Monday December 24th 2001  
8:45 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.

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Premier Service
http://www.futurescom.com/premier.htm
Recommended Open Positions as of 12-21-2001
Short 4 March SP500 1129.00
Long 5 Feb Gold 279.8
Long 20 March Soybeans Beans 437 1/2
Long 10 March Bean Oil 1580
Long 10 March Wheat 285 3/4
Long 5 March Coffee 4740 

Index Program 
http://www.futurescom.com/index01.htm
Recommended Open Position as of 12-21-2001
NONE
Morning Comment  Day Trades (MC):
http://www.futurescom.com/mcper01.html
 

CHRISTMAS
CBOT : Chicago Board of Trade agricultural and NY metals electronic a/c/e trading will be closed Dec. 23. Agricultural open outcry and a/c/e trading will be closed Dec. 24.  Financial open outcry trading will close at 1200 CT Dec. 24, with stock index  contracts at 1215 CT. A/c/e trading on Dec. 24 will close at 1215 CT for stock indices and 1230 CT for financials and metals. Overnight a/c/e will be closed. On Dec. 26, there will be no morning a/c/e agricultural trading. Financial  a/c/e trading will be from 0600 to 1600 CT. Stock indices on a/c/e will trade  from 0615 to 1600 CT, with NY metals from 0615 to 1345 CT. The Dow/AIG index, kilo gold and silver have normal schedules on Dec 26. 

CME: Chicago Mercantile Exchange commodity, foreign exchange and interest rate futures and options will close at 1200 CT on Dec 24. Agricultural options  will close at 1202 CT, while equity products will close at 1215 CT. 
All commodity, foreign exchange and interest rate products traded on Globex will close at 1200 CT on Dec. 24, while equity products will close at 1215 CT. Globex electronic trade will resume at 0530 CT on Dec. 26.

KCBT: Kansas City Board of Trade wheat futures and options will be closed Dec. 24, with stock index contracts closing at 1215 CT. 

MGE: The Minneapolis Grain Exchange will be closed Dec. 24.

MIDAM: The CBT's MidAmerica Commodity Exchange grain and soy complex  contracts will be closed Dec. 24, with livestock and currency contracts closing at 1215 CT.

NYBOT: The New York Board of Trade listed these closings for its subsidiaries: 

CSCE: The Coffee, Sugar and Cocoa Exchange will be closed Dec. 24 and Dec 26.

FINEX: The Financial Instrument Exchange will close at 1300 ET Dec 24.

NYCE: The New York Cotton Exchange's cotton and orange juice contracts  will be closed Dec. 24. 

NYFE: The New York Futures Exchange will close at 1315 ET Dec. 24.