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Morning Comments, Friday September 21 ,2001
Experienced
Since 1979 - Serving Professional and Individual Traders World Wide since 1988
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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--
Morning
Comments
Thursday Sept 20th, 2001
11:45 PM
Financial Markets
On the
Frenzied Forex Front
December
Japanese Yen
Support should appear near the 8589 to
8560 region, an
extended slip under is negative and augurs for an eventual test of the .8499 to 8484
region..
Resistance
should appear near 8629 , beyond that sellers
should continue to appear near 8668 to 8683
and cap a rally .
December
Euro FX
Support
is at 9156
to 9140
Resistance
should appear near the
9234 and the 9316 to 9347 region...Above that resistance is
at 9429 to 9445..
BW Traders can sell at 9428 for a turn lower, risk a close
over 9469 for three days in a row..
December
Swiss Franc
Resistance
should appear near 6335 to 6350 and
should Cap any rally for a bit.. ..
Support should appear near 6256 , a close
under is negative and augurs for a test of 6190 to 6179
and 6165.
December
British Pound
Support
should appear near 1.4530 .. A slip
under augurs for a test of 1.4372 .
Resistance is at 1.4642 then
1.4710 and the 1.4840 to 1.4960 region
December
Canadian Dollar
Support
should appear near 6350 to 6337.
Resistance
is at 6383 and 6417 to 6430
December Australian Dollar
Support is
at 4856 to 4845...
Resistance should appear near 4915 to 4926..
Trade accordingly
Sensational Stock and Bond Market
30 Year December
Bonds
Resistance
should appear near 103-07 then
103-12 and 103-22
Support
is at 102-23 then 102-17 and 102-07
.
Dow Jones Industrial Average
Resistance should appear
near 8391 to 8406 and 8484 to 8499.
Support is near
88314 to 8300, below that 8225 to 8195 should contain a decline
December
SP500
Resistance is at 992.10 to 993.70 and
1000 to 1005.
Support should appear near 987.90
and the 983.70 to 982.20 region...Below that 973.70 to 970.60 should
hold
Nasdaq Composite
Resistance is
at 1484 to 1496 and 1529 to 1535
Support is at 1459 to 1453 under that 1421 to 1415 should contain the decline
for a bit...
December Mini- Nasdaq 100
Resistance is
at 1192 to 1203 and 1217.50.
Nearby Support is at 1169 to1164 and the 1136 to 1130 region.
The
Lively Livestock Markets
October
Cattle
Support should appear near 6907
and the 6837 to 6807region..Day Traders can Buy at 6837 and hold for higher prices...
.
Resistance
is at
6952 and the 6992 to 7002 region.
October
Hogs
Support
is at the 5957 to 5942 and the 5882 to 5857 region... Day traders can buy at
5882 and hold for higher prices..
Resistance
is at 6022 to 6037.. Beyond that a test of 6102 to 6112 is likely to occur..
Stay
Tuned for updates
December
Hogs
Support
is at 5432 to 5417 region… Below
that support is at 5357 to 5342..
Resistance
should appear near 5492 to 5507 and
5557 to 5577 .
February Pork Bellies
Support should appear near 8137 to 8117
and the 8047 to 8027 region.. Below that support should appear near the 7957 to 7937
region..
Resistance is
at 8197 to 8227 and the 8302 to 8317 region..
Stay
tuned for Livestock Updates and Flashes
The ‘Grand’ Grain Markets
November
Soybeans
Resistance
is at 477 1/2 to 478 3/4 and 481 1/2.. Beyond that a test of
the 484 1/2 to 485
3/4 region is likely.
Support
should appear near 471 1/2 to 469 1/2 and the 465 to
464 region. ..
December
Soybean Meal
Resistance
should appear near the 167.1..
Beyond that a test of 168.9 to 169.6 region is likely.
Support
is at 165.5 to 164.2.. Below that
support should appear near 161.5 to 160.9
December
Soybean Oil
Support
is near 1655 to 1642 then 1615 to
1609.Under that buyers should emerge near the 1576 to 1569 region
Resistance
should appear near the 1689 to 1696
region...
December
Corn
Support should appear near 217
then 213 1/2 to 212 3/4
Resistance should appear near
221 1/4 to 222 3/4.
December
Wheat
Support
should appear near 262 to 261 1/2 .
Resistance
is at 266 1/4 to 267 1/2.
Stay Tune for Updates and Flashes..
--A
ship in Harbor is Safe.. But that's not what ships are built for --
Happy
Trading !
Bill !
Friday
September 21, 2001
12:35 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.
Bi
Weekly Investment Outlook (BW)
Archives: http://www.futurescom.com/bwparc.htm
Recommended Open positions as of 9-20-2001
Short Dec Yen 8560
Short Dec Swiss Franc 6203
Long Dec Bonds 102-23
Long Dec Copper 6790
Long Nov Beans 486
Long 2 Dec Soymeal 167.7 avg.
Long Dec Corn 227 3/4
Long Dec Wheat 291 3/4
Long Dec Coffee 5305
Long March Sugar 687
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Premier
Service
http://www.futurescom.com/premier.htm
Recommended
Open Positions as of 9-20-2001
Short 15 Dec EC 9214 avg
Short 15 Dec Swiss Franc 6230 avg
Long 4 December SP500 993.50
Long 5 Dec Copper 6950
Long 10 Dec Hogs 5557
Long 5 October Hogs 5925
Long
10 Nov Beans 491 1/2 avg.
Long 10 Dec Wheat 277 1/2
Long 10 Dec Soymeal 168.3
Long 5 Dec Coffee 5500
Index and MC Program
No Positions