National Futures and Financial Weekly
Copyright 1997 by Consensus, Inc.
October 24, 1997 * * 1737 McGee, Kansas City, Mo. 64108 U.S.A. * * Up Dated Daily

Technical Corner

  • SIEGEL
    October 30, 1997
    Though the long-term fundamentals still support a bullish outlook for new-crop corn prices, for the moment, it appears that the bears have retaken the initiative. The extremely slow pace of export sales combined with persistent selling of corn by the Chinese to other Asian countries continues to dampen traders' sentiment toward this feed grain, keeping prices on the defensive.

  • MARKET TIMING
    October 30, 1997
    CRB INDEX: The upward surge in the final week of September created a bearish three up monthly cycle for October.

  • THE WINDY CITY WORKSHEET
    October 28, 1997

  • THE VOLUME REVERSAL SURVEY
    October 26, 1997
    *At 1000 Points We Start Looking To Buy
    STOCK MARKET: I want to say I'm bearish, but it's beginning to sound like a broken record. Since my predicted August peaks, I've been looking for at least a 1000 point correction in the Dow which would take us down to 7340.

  • ASPRAY'S GLOBAL TRADER
    October 31, 1997 Thomas E. Aspray
    *Dollar Closes Weak Along With U.S. Market
    *Crosses Hold Firm But Dollar More Vulnerable
    *Sterling Starting To Trend Higher

  • GREENWICH NATWEST FUTURES DAILY TECHNICAL RESEARCH
    October 31, 1997 John J. Kosar

  • G.I.S., WINTREND SYSTEM
    October 29, 1997 Rowel Goodwin

  • WESTFALIA INVESTMENTS TECHNICAL COMMENTS
    October 30, 1997 Peter Cardillo
    The third quarter labor cost index rose a modest 0.8%, the rise was the same in the second quarter. The Federal Reserve Beige Book showed the economy continues to grow at a strong to modest pace. As we see it, the labor cost index is another reason to believe that inflation is not accelerating at all levels of the economy. We continue to look for weaker economic growth with modest inflation.

  • THE WEEKLY RE-LAY
    October 27, 1997 Eric S. Hadik
    OVERVIEW: 6900...here we come! The violent moves continue in the S&P and today's drop brought the DJIA within reach of the intermediate objective for this time frame. The month of October began with a forecast for a rally to 8100-8177 into early October where intermediate- and long-term traders were advised to buy put options. The Dow peaked at 8178 on October 7th! The ensuing drop was forecast to reach 6900-7100 by November 10th.

  • SIEGEL
    October 23, 1997
    FOCUS ON THE SOYBEAN MARKET: The prospect of strong domestic and foreign demand continues to keep soybean prices relatively firm and moving counter seasonally.

    Copyright 1997, by Consensus Inc.  All American and Pan American rights Reserved. editor@consensus-inc.com

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