Natural Gas (Nov.) - This is a new market we are adding this week. It appears that there has been a reversal off the recent low on a daily basis. It is a bit more pronounced on the October contract but the October is due to expire September 28. This tends to be a rather volatile market, perhaps even more so than crude oil, therefore it may not be for everyone. But after a prolonged down trend it appears natural gas is showing signs of at least placing a temporary bottom. We believe we can suggest that long entries can be initiated at a price level of 4025 or lower and that stop protection should be intraday penetration of 3765. Retracement resistance levels are approx.: 4114; 4308; 4503. The next series above is approx.: 4252; 4495; 4738. Since this has been such a steep decline over many months there will be additional levels above the market that will be stated here as they approach.

Silver (DEC) - No new suggestions at this time.

Euro Currency (Sept/Dec) - There have been 2 suggested short entries active. One from a price level of 14350 and the other initiated in a sell zone between 14265 and 14310. The suggested stop protection of intraday penetration of 14461 would have been elected. At this time we withdraw the previous additional entry suggestion in the September contract as we roll our coverage now to the December. The euro pushed into higher ground with a breakout this week. If it were to reverse direction we believe a valid approach to become involved would be to initiate a short entry with a close at or below 14177. This would put the closing price below the 50 day moving average, which is currently 14197, for the first time since late April with the exception of one close on August 17.

British Pound (Sept/Dec) - There were two active suggested short entries. One from a price level of 16800 or above triggered back on August 7 and one short entry from the August 17 close of 16338. Stop protection for both suggested short entries would have been elected with the 16486 close on September 8. We now roll our coverage to the December contract and notice that the high made today, and for the week thus far, has stopped at a significant .618 fib retracement. We believe that new short entries in the December contract can be initiated at a close at or below 16425. We suggest stop protection for this entry of intraday penetration of 16710. Near term retracement resistance levels are approx.: 16458 (hit); 16566 (hit); 16675 (hit).

S&P 500 (Sept/Dec emini) - There are no suggested entries in the September contract and we now roll our coverage to the December contract. We believe long entries can be initiated at a price level of 103600 or better. If elected we believe stop protection should be at intraday penetration of 100675. There are extension targets currently active of approx.: 103225 (hit) and 106875. The next set of extension targets above are approx: 106350 and 108325.

Soybeans (Nov) - We believe prices go lower in this market but would prefer to stay clear for the time being. The weather remains a factor and a freeze before this crop is made would be disastrous. We have friends that as producers have awakened to find a bean crop turned black. We wouldn't want to have suggested short entries with the possibility of this becoming a real event this year.

T-Bonds (Dec) - Two weeks ago we rolled an active suggested long entry in the September contract from its penetration of 119-10 to the December contract with price basis levels of 120-12 for September and 119-05 for December. A new or an additional long entry could have been initiated with the intraday penetration of 120-02 from our suggestion two weeks ago. We believe stop protection for both suggested long entries can remain a close at or below 117-29. Retracement levels of support are approx.: 118-11.5; 117-14; 116-16.5. The next series lower is approx.: 117-03.5; 115-25.5; 114-16.