"Observation, experience memory and mathematics--These are what a successful trader must depend on. He Must not only observe accurately but remember at all times what he has observed. He cannot bet on the unreasonable or on the unexpected, however strong his personal convictions maybe about man's unreasonableness or however certain he may feel that the unexpected happens very frequently. He must bet always on probabilities--that is try to anticipate them. Years of practice at the game, of constant study, of always remembering, enables the trader to act when the unexpected happens as well as when the expected comes to pass. A man can have great mathematical ability and unusual power of accurate observation and yet fail in speculation unless he also possesses the experience and memory " --Reminiscences of a Stock operator- 1929

Monday December 12, 2011

1:00 PM South Florida Beach Time                                   

                          The Sensational Stock and Bond Markets
Dow Jones Industrial Average
Support should appear near 11,920.00 and 11,820.00
Resistance should appear near 12030.00 and 12,175.00

march DEc E-Mini sp500
Resistance should appear near  1232.00 to 1238.00 and 1253.00
Support should appear near  1217.50 and the 1203.00 to 1192.00 region

NAsdaq Composite
Resistance should appear near 2612.00 to 2620.00 and 2663.00 to 2672.00  
Support should appear near 2568.00 to 2552.00  

march E-Mini NasdaQ 100
Resistance should appear near 2315.00 to 2322.00 and 2338.00       
Support should appear near 2275.00 to 2267.00 and 2226.00 to 2219.00

march E-Mini RUSSELL 2000
Resistance should appear near 732.80 to 734.20 and 741.40 to 742.80 

Support should appear near 717.00 to 714.30 and 708.80 to 707.40  

MARCH 30 YR BOND
Resistance should appear near 142-21 and 143-07
Support should appear near 141-07 and 139-21

MARCH 10 yr Note
Resistance should appear near 130-21 and 131-21
Support should appear near 129-21 and 129-07.  

                          The Frenzied Forex Front
March dOLLAR iNDEX
Resistance should appear near 8029 to 8044 and 8119 toi 8134        
Support should appear near 7954 to 7939        

march JAPANESE Yen
Resistance should appear near 13040 to 13100.
BW Traders can sell at 13035 and hold for lower prices.     
Support should appear near 12740 to 12680                  

march EURO currency
Support should appear near 13100 to 13040      
Resistance should appear near 13220 and 13340 to 13460    
Stay tuned for Flashes

march SWISS FRANC
Resistance should appear near 10805 and 10960 to 11010.
BW Traders can sell at 10957 and hold for lower prices.
Support should appear near 10680 to 10580      

MARCH BRITISH POUND
Support should appear near the 15350 to 15290 region
Resistance should appear near 15690 to 15760.

MARCH CanadIAN Dollar
Resistance should appear near 9737 and 9791
Support should appear near 9641 to 9625

MARCH AUSSIE DOLLAR
Resistance should appear near 10021 to 10037   
Support should appear near 9937 to 9921and 9837 to 9821 

                              The Precious Metals
FEB gold
Resistance should appear near  1689 to 1696      
Support is near 1655 to 1642
   
MARCH COPPER
Resistance should appear near the 34930 to 35030 and 35530 to 35630
Support should appear near 34430 to 34250 and 33860 to 33770 .
    
MARCH Silver 
Resistance should appear near 3261 to 3270 and 3319 to 3328
Support is at 3102 to 3092 and 3045 to 3034

                                      The Exciting Energies  
FEB CRUDE Oil
Resistance should appear near 10021 to 10037 and 10104 to 10136
Support should appear near 9821 and 9737 to 9706

february HeaTING Oil
Support should appear near the 28830 to 28720 region
Resistance should appear near 30360 to 30450             

february UNLEADED Gas
Support should appear at the 25680 to 25520 and the 25190 to 25110 region
Resistance should appear near the 26630 to 26720.   

february NATURAL Gas
Support should appear at 3213 to 3194          
Resistance should appear near 3425 to 3443                                                                    
                                THE GRANDE’ GRAINS
MARCH SOYBEANS
Support should appear near 1101 to 1096   
Resistance should appear near 1130 to 1136  

MARCH SOYMEAL
Resistance should appear near 287.4 to 288.3               
Support should appear near the 277.5 to 275.8 region

MARCH BEAN OIL
Resistance should appear near 5056 to 5067        
Support should appear near 4926 to 4915

MARCH CORN
Resistance should appear near 602 ¼ to 603 ½ and 610 ¼ to 611 ¼             
Support should appear 588 to 585 ½, a close under is negative and augurs for a test of the
572 ¾ to 571 ¾ region    
 
MARCH WHEAT
Resistance should appear near 610 ¼ to 611 ¼ and 616 ½ to 619       
Support should appear near 595 ¾ to 594 ½ and the 588 to 585 ½ region
   
                                       THE LIVELY LIVESTOCK
FEB CATTLE
Support should appear near the 11690 to 11640 region   
Resistance should appear near  the 11920 to 12030 region     

Feb Hogs
Support should appear near 8592 to 8557 and the 8502 to 8482 region     
Resistance should appear near 8667 to 8682 and the 8762 to 8777 region        


  
                      The Satisfying Softs
MARCH COFFEE
Support should appear near 21850 to 21700 and 21340 to 21260
Resistance should appear near  22670 to 22750 and 23150 to 23220  

MARCH COCOA
Resistance should appear near 2219 to 2226 and 2267 to 2275  
Support should appear near 2134 to 2126 and 2042 to 2034           

MARCH SUGAR
Support is at 2275 to 2267         
Resistance should appear near 2354 to 2370  

MARCH COTTON
Resistance should appear near 8856 to 8871 and 8934 to 8964
Support should appear 8589 to 8560 and 8499 to 8484