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Pattern Trapper Bi-Weekly Report for trading on Tuesday, November 25, 2003 The Pattern Trapper Bi-Weekly Report identifies important conditions and significant price levels for trading the S&P 500, Nasdaq 100, and T-Bond futures markets on Tuesday and Thursday of each week. The publication deadline is 9:00PM Central Time on the evening before the targeted trading day. The service is free. You can register to receive the report at http://www.PatternTrapper.com/ReportRequest.shtml ======================================================== DECEMBER S&P 500 ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ PATTERN SIGNALS - an automated pattern recognition process which identifies today's most likely market scenario based on recent price behavior. 2 DAY ROC BUY Signal Short term swing patterns identify today as a 'buy' day. MOMENTUM PINBALL SELL Signal A break of the first hour low is cause to become bearish. ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ PIVOT SYSTEM S&R LEVELS - used on the floor to determine relative value based on prior day price action. Significant shifts in market psychology often occur near these levels. R3: 1062.50 R2: 1058.13 R1: 1053.77 DP: 1047.03 S1: 1042.67 S2: 1035.93 S3: 1031.57 ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ DAILY RANGE PROJECTION LEVELS - This market will tend to trade within the Normal High/Low Range as noted below. If exceeded, use the Extended Range. High Extend: 1059.19 High Normal: 1054.95 Low Normal: 1043.85 Low Extend: 1039.61 ======================================================== DECEMBER Nasdaq 100 ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ PATTERN SIGNALS - an automated pattern recognition process which identifies today's most likely market scenario based on recent price behavior. 90-10 HIGH CONTINUATION & REVERSAL Signal Look for morning follow through on the strong close with a potential reversal MOMENTUM PINBALL SELL Signal A break of the first hour low is cause to become bearish. ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ PIVOT SYSTEM S&R LEVELS - used on the floor to determine relative value based on prior day price action. Significant shifts in market psychology often occur near these levels. R3: 1450.00 R2: 1438.50 R1: 1427.00 DP: 1407.00 S1: 1395.50 S2: 1375.50 S3: 1364.00 ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ DAILY RANGE PROJECTION LEVELS - This market will tend to trade within the Normal High/Low Range as noted below. If exceeded, use the Extended Range. High Extend: 1443.28 High Normal: 1431.25 Low Normal: 1399.75 Low Extend: 1387.72 ======================================================== DECEMBER US T-Bond ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ PATTERN SIGNALS - an automated pattern recognition process which identifies today's most likely market scenario based on recent price behavior. 2 DAY ROC SELL Signal Short term swing patterns identify today as a 'sell' day. ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ PIVOT SYSTEM S&R LEVELS - used on the floor to determine relative value based on prior day price action. Significant shifts in market psychology often occur near these levels. R3: 111-16 R2: 111-02 R1: 110-21 DP: 110-10 S1: 109-29 S2: 109-18 S3: 109-05 ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ DAILY RANGE PROJECTION LEVELS - This market will tend to trade within the Normal High/Low Range as noted below. If exceeded, use the Extended Range. High Extend: 110-28 High Normal: 110-19 Low Normal: 109-27 Low Extend: 109-18 ************************************************************** The Pattern Trapper is a daily educational newsletter that combines pattern recognition techniques, tape reading skills and a few simple indicators to identify higher probability, lower risk trade set-ups. For additional info and a free two week trial visit http://www.patterntrapper.com/ To learn how to use these remarkably effective trading techniques visit http://www.patterntrapper.com/coursetitlept/course.html ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ Statement of disclaimer: This information was compiled from sources believed to be reliable, but its accuracy cannot be guaranteed. There is substantial risk of loss in futures trading. There is no warranty, express or implied, in regards to the fitness of this information for any particular purpose. Past performance is not a guarantee of future results.
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