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MRCI's ScenarioSM Summary

Copyright © 2001 Moore Research Center, Inc. All Rights Reserved.
Some data provided by Prophetfinance.com
ScenarioSM Summary Sep 28, 2001
Historical Data Scenario Data Current Market Data

Mkt
Cond
Month		 Prev
Close		 Month
High		 Month
Low		 Month
Close		 Pct
Range		 Total
Years		 Cond
Years		 Action
Years
Pct		 Scenario
Objective		 Average
Objective		 Last
Price
#COMPX Lower Sep 1805.40 1836.20 1387.10 1460.70 16% 6 1 1 100% Yes   1460.70
#SSNI Lower Sep 10714 10813 9383 9697 22% 19 12 11 92% Yes 8555 9697
NDZ1 Lower Sep 1485.00 1516.00 1097.00 1175.00 19% 5 1 1 100% 1097.00   1175.00
USZ1 Higher Sep 105~10 106~07 102~17 105~16 81% 24 12 11 92% 106~07 110~20 105~16
TYZ1 Higher Sep 106~160 109~105 105~095 108~250 86% 19 15 14 93% 109~105 112~138 108~250
EDZ1 Higher Sep 96.590 97.615 96.385 97.540 94% 19 13 12 92% 97.615 98.105 97.540
EDH2 Higher Sep 96.485 97.535 96.245 97.425 91% 19 14 13 93% 97.535 98.116 97.425
EDM2 Higher Sep 96.215 97.210 95.950 97.110 92% 19 15 13 87% 97.210 97.883 97.110
JYZ1 Lower Sep 85.02 86.88 82.72 84.15 34% 24 10 10 100% 82.72 79.94 84.15
CDZ1 Lower Sep 64.44 64.49 63.15 63.28 10% 24 7 7 100% 63.15 62.24 63.28
HOF2 Lower Sep 78.44 86.80 62.60 68.29 24% 22 6 6 100% 62.60 59.71 68.29
SF2 Lower Sep 492.75 492.50 460.50 461.00 2% 42 23 20 87% 460.50 435.79 461.00
SH2 Lower Sep 499.25 498.50 466.50 467.25 2% 42 21 19 90% 466.50 442.93 467.25
BOZ1 Lower Sep 17.13 17.12 15.50 15.55 3% 41 22 20 91% 15.50 14.41 15.55
BOF2 Lower Sep 17.38 17.30 15.78 15.79 1% 42 22 19 86% 15.78 14.59 15.79
BOH2 Lower Sep 17.60 17.58 16.09 16.11 1% 42 22 20 91% 16.09 14.95 16.11
SMH2 Lower Sep 167.10 167.00 157.10 157.30 2% 42 25 21 84% 157.10 149.49 157.30
MWZ1 Lower Sep 326.00 325.50 305.50 306.75 6% 20 9 8 89% 305.50 291.12 306.75
OH2 Higher Sep 143.00 158.00 142.50 153.00 68% 27 12 11 92% 158.00 169.89 153.00
RRF2 Lower Sep 4.41 4.55 4.02 4.29 51% 15 7 6 86% Yes 3.77 4.29
RRH2 Lower Sep 4.63 4.76 4.25 4.51 51% 15 7 6 86% Yes 4.01 4.51
LCZ1 Lower Sep 74.600 74.900 67.150 67.325 2% 36 14 12 86% 67.150 64.391 67.325
FCF2 Lower Sep 90.300 90.800 84.650 85.135 8% 24 9 9 100% 84.650 82.515 85.135
FCH2 Lower Sep 89.800 89.950 84.700 85.100 8% 27 11 10 91% 84.700 82.750 85.100
LEZ1 Higher Sep 54.325 57.200 53.300 54.835 39% 32 20 18 90% 57.200 61.228 54.835
LEG2 Lower Sep 55.400 57.300 53.800 54.550 21% 32 11 10 91% 53.800 50.409 54.550
LEJ2 Lower Sep 57.500 58.700 55.000 55.130 4% 31 12 11 92% 55.000 51.963 55.130
PBG2 Lower Sep 81.600 85.275 74.385 74.475 1% 36 16 14 88% 74.385 68.235 74.475
CTH2 Lower Sep 40.88 42.05 36.65 36.85 4% 41 24 21 88% 36.65 35.08 36.85


NASDAQ Composite Index
The #COMPX(Mkt) ended Lower(Cond) for September(Month). Compared to August's 1805.40(Prev Close), the market ended September at (Month Close), that being 16%(Pct Range) off of 1387.10(Month Low) to 1836.20(Month High).

In comparing the August/September closes for each of the last 6 years(Total Years), Scenario found that the NASDAQ Composite Index also closed lower in September than August in 1(Cond Years) of those years. Of those 1, the #COMPX went on to penetrate the September low within the next 2 months in 1 years(Action Years) or 100%(Pct) of the time.

Therefore, the historical odds are high that the the #COMPX should penetrate 1387.10(Scenario Objective) by no later than the end of November.

Nikkei 225 Index
The #SSNI(Mkt) ended Lower(Cond) for September(Month). Compared to August's 10714(Prev Close), the market ended September at (Month Close), that being 22%(Pct Range) off of 9383(Month Low) to 10813(Month High).

In comparing the August/September closes for each of the last 19 years(Total Years), Scenario found that the Nikkei 225 Index also closed lower in September than August in 12(Cond Years) of those years. Of those 12, the #SSNI went on to penetrate the September low within the next 2 months in 11 years(Action Years) or 92%(Pct) of the time.

Therefore, the historical odds are high that the the #SSNI should penetrate 9383(Scenario Objective) by no later than the end of November. If it does so, Scenario would further project (based on normalizing those previous 11 years) a potential move toward 8555(Average Objective).

December NASDAQ 100(CME)
The NDZ1(Mkt) ended Lower(Cond) for September(Month). Compared to August's 1485.00(Prev Close), the market ended September at (Month Close), that being 19%(Pct Range) off of 1097.00(Month Low) to 1516.00(Month High).

In comparing the August/September closes for each of the last 5 years(Total Years), Scenario found that the December NASDAQ 100(CME) also closed lower in September than August in 1(Cond Years) of those years. Of those 1, NDZ went on to penetrate the September low within the next 2 months in 1 years(Action Years) or 100%(Pct) of the time.

Therefore, the historical odds are high that the NDZ should penetrate 1097.00(Scenario Objective) by no later than the end of November.

December 30-Year T-Bonds(CBOT)
The USZ1(Mkt) ended Higher(Cond) for September(Month). Compared to August's 105~10(Prev Close), the market ended September at (Month Close), that being 81%(Pct Range) off of 102~17(Month Low) to 106~07(Month High).

In comparing the August/September closes for each of the last 24 years(Total Years), Scenario found that the December 30-Year T-Bonds(CBOT) also closed higher in September than August in 12(Cond Years) of those years. Of those 12, USZ went on to exceed the September high within the next 2 months in 11 years(Action Years) or 92%(Pct) of the time.

Therefore, the historical odds are high that the USZ should exceed 106~07(Scenario Objective) by no later than the end of November. If it does so, Scenario would further project (based on normalizing those previous 11 years) a potential move toward 110~20(Average Objective).

December 10-Year T-Notes(CBOT)
The TYZ1(Mkt) ended Higher(Cond) for September(Month). Compared to August's 106~160(Prev Close), the market ended September at (Month Close), that being 86%(Pct Range) off of 105~095(Month Low) to 109~105(Month High).

In comparing the August/September closes for each of the last 19 years(Total Years), Scenario found that the December 10-Year T-Notes(CBOT) also closed higher in September than August in 15(Cond Years) of those years. Of those 15, TYZ went on to exceed the September high within the next 2 months in 14 years(Action Years) or 93%(Pct) of the time.

Therefore, the historical odds are high that the TYZ should exceed 109~105(Scenario Objective) by no later than the end of November. If it does so, Scenario would further project (based on normalizing those previous 14 years) a potential move toward 112~138(Average Objective).

December Eurodollars(IMM)
The EDZ1(Mkt) ended Higher(Cond) for September(Month). Compared to August's 96.590(Prev Close), the market ended September at (Month Close), that being 94%(Pct Range) off of 96.385(Month Low) to 97.615(Month High).

In comparing the August/September closes for each of the last 19 years(Total Years), Scenario found that the December Eurodollars(IMM) also closed higher in September than August in 13(Cond Years) of those years. Of those 13, EDZ went on to exceed the September high within the next 2 months in 12 years(Action Years) or 92%(Pct) of the time.

Therefore, the historical odds are high that the EDZ should exceed 97.615(Scenario Objective) by no later than the end of November. If it does so, Scenario would further project (based on normalizing those previous 12 years) a potential move toward 98.105(Average Objective).

March Eurodollars(IMM)
The EDH2(Mkt) ended Higher(Cond) for September(Month). Compared to August's 96.485(Prev Close), the market ended September at (Month Close), that being 91%(Pct Range) off of 96.245(Month Low) to 97.535(Month High).

In comparing the August/September closes for each of the last 19 years(Total Years), Scenario found that the March Eurodollars(IMM) also closed higher in September than August in 14(Cond Years) of those years. Of those 14, EDH went on to exceed the September high within the next 2 months in 13 years(Action Years) or 93%(Pct) of the time.

Therefore, the historical odds are high that the EDH should exceed 97.535(Scenario Objective) by no later than the end of November. If it does so, Scenario would further project (based on normalizing those previous 13 years) a potential move toward 98.116(Average Objective).

June Eurodollars(IMM)
The EDM2(Mkt) ended Higher(Cond) for September(Month). Compared to August's 96.215(Prev Close), the market ended September at (Month Close), that being 92%(Pct Range) off of 95.950(Month Low) to 97.210(Month High).

In comparing the August/September closes for each of the last 19 years(Total Years), Scenario found that the June Eurodollars(IMM) also closed higher in September than August in 15(Cond Years) of those years. Of those 15, EDM went on to exceed the September high within the next 2 months in 13 years(Action Years) or 87%(Pct) of the time.

Therefore, the historical odds are high that the EDM should exceed 97.210(Scenario Objective) by no later than the end of November. If it does so, Scenario would further project (based on normalizing those previous 13 years) a potential move toward 97.883(Average Objective).

December Japanese Yen(IMM)
The JYZ1(Mkt) ended Lower(Cond) for September(Month). Compared to August's 85.02(Prev Close), the market ended September at (Month Close), that being 34%(Pct Range) off of 82.72(Month Low) to 86.88(Month High).

In comparing the August/September closes for each of the last 24 years(Total Years), Scenario found that the December Japanese Yen(IMM) also closed lower in September than August in 10(Cond Years) of those years. Of those 10, JYZ went on to penetrate the September low within the next 2 months in 10 years(Action Years) or 100%(Pct) of the time.

Therefore, the historical odds are high that the JYZ should penetrate 82.72(Scenario Objective) by no later than the end of November. If it does so, Scenario would further project (based on normalizing those previous 10 years) a potential move toward 79.94(Average Objective).

December Canadian Dollar(IMM)
The CDZ1(Mkt) ended Lower(Cond) for September(Month). Compared to August's 64.44(Prev Close), the market ended September at (Month Close), that being 10%(Pct Range) off of 63.15(Month Low) to 64.49(Month High).

In comparing the August/September closes for each of the last 24 years(Total Years), Scenario found that the December Canadian Dollar(IMM) also closed lower in September than August in 7(Cond Years) of those years. Of those 7, CDZ went on to penetrate the September low within the next 2 months in 7 years(Action Years) or 100%(Pct) of the time.

Therefore, the historical odds are high that the CDZ should penetrate 63.15(Scenario Objective) by no later than the end of November. If it does so, Scenario would further project (based on normalizing those previous 7 years) a potential move toward 62.24(Average Objective).

January Heating Oil(NYM)
The HOF2(Mkt) ended Lower(Cond) for September(Month). Compared to August's 78.44(Prev Close), the market ended September at (Month Close), that being 24%(Pct Range) off of 62.60(Month Low) to 86.80(Month High).

In comparing the August/September closes for each of the last 22 years(Total Years), Scenario found that the January Heating Oil(NYM) also closed lower in September than August in 6(Cond Years) of those years. Of those 6, HOF went on to penetrate the September low within the next 2 months in 6 years(Action Years) or 100%(Pct) of the time.

Therefore, the historical odds are high that the HOF should penetrate 62.60(Scenario Objective) by no later than the end of November. If it does so, Scenario would further project (based on normalizing those previous 6 years) a potential move toward 59.71(Average Objective).

January Soybeans(CBOT)
The SF2(Mkt) ended Lower(Cond) for September(Month). Compared to August's 492.75(Prev Close), the market ended September at (Month Close), that being 2%(Pct Range) off of 460.50(Month Low) to 492.50(Month High).

In comparing the August/September closes for each of the last 42 years(Total Years), Scenario found that the January Soybeans(CBOT) also closed lower in September than August in 23(Cond Years) of those years. Of those 23, SF went on to penetrate the September low within the next 2 months in 20 years(Action Years) or 87%(Pct) of the time.

Therefore, the historical odds are high that the SF should penetrate 460.50(Scenario Objective) by no later than the end of November. If it does so, Scenario would further project (based on normalizing those previous 20 years) a potential move toward 435.79(Average Objective).

March Soybeans(CBOT)
The SH2(Mkt) ended Lower(Cond) for September(Month). Compared to August's 499.25(Prev Close), the market ended September at (Month Close), that being 2%(Pct Range) off of 466.50(Month Low) to 498.50(Month High).

In comparing the August/September closes for each of the last 42 years(Total Years), Scenario found that the March Soybeans(CBOT) also closed lower in September than August in 21(Cond Years) of those years. Of those 21, SH went on to penetrate the September low within the next 2 months in 19 years(Action Years) or 90%(Pct) of the time.

Therefore, the historical odds are high that the SH should penetrate 466.50(Scenario Objective) by no later than the end of November. If it does so, Scenario would further project (based on normalizing those previous 19 years) a potential move toward 442.93(Average Objective).

December Soybean Oil(CBOT)
The BOZ1(Mkt) ended Lower(Cond) for September(Month). Compared to August's 17.13(Prev Close), the market ended September at (Month Close), that being 3%(Pct Range) off of 15.50(Month Low) to 17.12(Month High).

In comparing the August/September closes for each of the last 41 years(Total Years), Scenario found that the December Soybean Oil(CBOT) also closed lower in September than August in 22(Cond Years) of those years. Of those 22, BOZ went on to penetrate the September low within the next 2 months in 20 years(Action Years) or 91%(Pct) of the time.

Therefore, the historical odds are high that the BOZ should penetrate 15.50(Scenario Objective) by no later than the end of November. If it does so, Scenario would further project (based on normalizing those previous 20 years) a potential move toward 14.41(Average Objective).

January Soybean Oil(CBOT)
The BOF2(Mkt) ended Lower(Cond) for September(Month). Compared to August's 17.38(Prev Close), the market ended September at (Month Close), that being 1%(Pct Range) off of 15.78(Month Low) to 17.30(Month High).

In comparing the August/September closes for each of the last 42 years(Total Years), Scenario found that the January Soybean Oil(CBOT) also closed lower in September than August in 22(Cond Years) of those years. Of those 22, BOF went on to penetrate the September low within the next 2 months in 19 years(Action Years) or 86%(Pct) of the time.

Therefore, the historical odds are high that the BOF should penetrate 15.78(Scenario Objective) by no later than the end of November. If it does so, Scenario would further project (based on normalizing those previous 19 years) a potential move toward 14.59(Average Objective).

March Soybean Oil(CBOT)
The BOH2(Mkt) ended Lower(Cond) for September(Month). Compared to August's 17.60(Prev Close), the market ended September at (Month Close), that being 1%(Pct Range) off of 16.09(Month Low) to 17.58(Month High).

In comparing the August/September closes for each of the last 42 years(Total Years), Scenario found that the March Soybean Oil(CBOT) also closed lower in September than August in 22(Cond Years) of those years. Of those 22, BOH went on to penetrate the September low within the next 2 months in 20 years(Action Years) or 91%(Pct) of the time.

Therefore, the historical odds are high that the BOH should penetrate 16.09(Scenario Objective) by no later than the end of November. If it does so, Scenario would further project (based on normalizing those previous 20 years) a potential move toward 14.95(Average Objective).

March Soybean Meal(CBOT)
The SMH2(Mkt) ended Lower(Cond) for September(Month). Compared to August's 167.10(Prev Close), the market ended September at (Month Close), that being 2%(Pct Range) off of 157.10(Month Low) to 167.00(Month High).

In comparing the August/September closes for each of the last 42 years(Total Years), Scenario found that the March Soybean Meal(CBOT) also closed lower in September than August in 25(Cond Years) of those years. Of those 25, SMH went on to penetrate the September low within the next 2 months in 21 years(Action Years) or 84%(Pct) of the time.

Therefore, the historical odds are high that the SMH should penetrate 157.10(Scenario Objective) by no later than the end of November. If it does so, Scenario would further project (based on normalizing those previous 21 years) a potential move toward 149.49(Average Objective).

December Wheat(MGE)
The MWZ1(Mkt) ended Lower(Cond) for September(Month). Compared to August's 326.00(Prev Close), the market ended September at (Month Close), that being 6%(Pct Range) off of 305.50(Month Low) to 325.50(Month High).

In comparing the August/September closes for each of the last 20 years(Total Years), Scenario found that the December Wheat(MGE) also closed lower in September than August in 9(Cond Years) of those years. Of those 9, MWZ went on to penetrate the September low within the next 2 months in 8 years(Action Years) or 89%(Pct) of the time.

Therefore, the historical odds are high that the MWZ should penetrate 305.50(Scenario Objective) by no later than the end of November. If it does so, Scenario would further project (based on normalizing those previous 8 years) a potential move toward 291.12(Average Objective).

March Oats(CBOT)
The OH2(Mkt) ended Higher(Cond) for September(Month). Compared to August's 143.00(Prev Close), the market ended September at (Month Close), that being 68%(Pct Range) off of 142.50(Month Low) to 158.00(Month High).

In comparing the August/September closes for each of the last 27 years(Total Years), Scenario found that the March Oats(CBOT) also closed higher in September than August in 12(Cond Years) of those years. Of those 12, OH went on to exceed the September high within the next 2 months in 11 years(Action Years) or 92%(Pct) of the time.

Therefore, the historical odds are high that the OH should exceed 158.00(Scenario Objective) by no later than the end of November. If it does so, Scenario would further project (based on normalizing those previous 11 years) a potential move toward 169.89(Average Objective).

January Rough Rice(MCE)
The RRF2(Mkt) ended Lower(Cond) for September(Month). Compared to August's 4.41(Prev Close), the market ended September at (Month Close), that being 51%(Pct Range) off of 4.02(Month Low) to 4.55(Month High).

In comparing the August/September closes for each of the last 15 years(Total Years), Scenario found that the January Rough Rice(MCE) also closed lower in September than August in 7(Cond Years) of those years. Of those 7, RRF went on to penetrate the September low within the next 2 months in 6 years(Action Years) or 86%(Pct) of the time.

Therefore, the historical odds are high that the RRF should penetrate 4.02(Scenario Objective) by no later than the end of November. If it does so, Scenario would further project (based on normalizing those previous 6 years) a potential move toward 3.77(Average Objective).

March Rough Rice(MCE)
The RRH2(Mkt) ended Lower(Cond) for September(Month). Compared to August's 4.63(Prev Close), the market ended September at (Month Close), that being 51%(Pct Range) off of 4.25(Month Low) to 4.76(Month High).

In comparing the August/September closes for each of the last 15 years(Total Years), Scenario found that the March Rough Rice(MCE) also closed lower in September than August in 7(Cond Years) of those years. Of those 7, RRH went on to penetrate the September low within the next 2 months in 6 years(Action Years) or 86%(Pct) of the time.

Therefore, the historical odds are high that the RRH should penetrate 4.25(Scenario Objective) by no later than the end of November. If it does so, Scenario would further project (based on normalizing those previous 6 years) a potential move toward 4.01(Average Objective).

December Live Cattle(CME)
The LCZ1(Mkt) ended Lower(Cond) for September(Month). Compared to August's 74.600(Prev Close), the market ended September at (Month Close), that being 2%(Pct Range) off of 67.150(Month Low) to 74.900(Month High).

In comparing the August/September closes for each of the last 36 years(Total Years), Scenario found that the December Live Cattle(CME) also closed lower in September than August in 14(Cond Years) of those years. Of those 14, LCZ went on to penetrate the September low within the next 2 months in 12 years(Action Years) or 86%(Pct) of the time.

Therefore, the historical odds are high that the LCZ should penetrate 67.150(Scenario Objective) by no later than the end of November. If it does so, Scenario would further project (based on normalizing those previous 12 years) a potential move toward 64.391(Average Objective).

January Feeder Cattle(CME)
The FCF2(Mkt) ended Lower(Cond) for September(Month). Compared to August's 90.300(Prev Close), the market ended September at (Month Close), that being 8%(Pct Range) off of 84.650(Month Low) to 90.800(Month High).

In comparing the August/September closes for each of the last 24 years(Total Years), Scenario found that the January Feeder Cattle(CME) also closed lower in September than August in 9(Cond Years) of those years. Of those 9, FCF went on to penetrate the September low within the next 2 months in 9 years(Action Years) or 100%(Pct) of the time.

Therefore, the historical odds are high that the FCF should penetrate 84.650(Scenario Objective) by no later than the end of November. If it does so, Scenario would further project (based on normalizing those previous 9 years) a potential move toward 82.515(Average Objective).

March Feeder Cattle(CME)
The FCH2(Mkt) ended Lower(Cond) for September(Month). Compared to August's 89.800(Prev Close), the market ended September at (Month Close), that being 8%(Pct Range) off of 84.700(Month Low) to 89.950(Month High).

In comparing the August/September closes for each of the last 27 years(Total Years), Scenario found that the March Feeder Cattle(CME) also closed lower in September than August in 11(Cond Years) of those years. Of those 11, FCH went on to penetrate the September low within the next 2 months in 10 years(Action Years) or 91%(Pct) of the time.

Therefore, the historical odds are high that the FCH should penetrate 84.700(Scenario Objective) by no later than the end of November. If it does so, Scenario would further project (based on normalizing those previous 10 years) a potential move toward 82.750(Average Objective).

December Lean Hogs(CME)
The LEZ1(Mkt) ended Higher(Cond) for September(Month). Compared to August's 54.325(Prev Close), the market ended September at (Month Close), that being 39%(Pct Range) off of 53.300(Month Low) to 57.200(Month High).

In comparing the August/September closes for each of the last 32 years(Total Years), Scenario found that the December Lean Hogs(CME) also closed higher in September than August in 20(Cond Years) of those years. Of those 20, LEZ went on to exceed the September high within the next 2 months in 18 years(Action Years) or 90%(Pct) of the time.

Therefore, the historical odds are high that the LEZ should exceed 57.200(Scenario Objective) by no later than the end of November. If it does so, Scenario would further project (based on normalizing those previous 18 years) a potential move toward 61.228(Average Objective).

February Lean Hogs(CME)
The LEG2(Mkt) ended Lower(Cond) for September(Month). Compared to August's 55.400(Prev Close), the market ended September at (Month Close), that being 21%(Pct Range) off of 53.800(Month Low) to 57.300(Month High).

In comparing the August/September closes for each of the last 32 years(Total Years), Scenario found that the February Lean Hogs(CME) also closed lower in September than August in 11(Cond Years) of those years. Of those 11, LEG went on to penetrate the September low within the next 2 months in 10 years(Action Years) or 91%(Pct) of the time.

Therefore, the historical odds are high that the LEG should penetrate 53.800(Scenario Objective) by no later than the end of November. If it does so, Scenario would further project (based on normalizing those previous 10 years) a potential move toward 50.409(Average Objective).

April Lean Hogs(CME)
The LEJ2(Mkt) ended Lower(Cond) for September(Month). Compared to August's 57.500(Prev Close), the market ended September at (Month Close), that being 4%(Pct Range) off of 55.000(Month Low) to 58.700(Month High).

In comparing the August/September closes for each of the last 31 years(Total Years), Scenario found that the April Lean Hogs(CME) also closed lower in September than August in 12(Cond Years) of those years. Of those 12, LEJ went on to penetrate the September low within the next 2 months in 11 years(Action Years) or 92%(Pct) of the time.

Therefore, the historical odds are high that the LEJ should penetrate 55.000(Scenario Objective) by no later than the end of November. If it does so, Scenario would further project (based on normalizing those previous 11 years) a potential move toward 51.963(Average Objective).

February Pork Bellies(CME)
The PBG2(Mkt) ended Lower(Cond) for September(Month). Compared to August's 81.600(Prev Close), the market ended September at (Month Close), that being 1%(Pct Range) off of 74.385(Month Low) to 85.275(Month High).

In comparing the August/September closes for each of the last 36 years(Total Years), Scenario found that the February Pork Bellies(CME) also closed lower in September than August in 16(Cond Years) of those years. Of those 16, PBG went on to penetrate the September low within the next 2 months in 14 years(Action Years) or 88%(Pct) of the time.

Therefore, the historical odds are high that the PBG should penetrate 74.385(Scenario Objective) by no later than the end of November. If it does so, Scenario would further project (based on normalizing those previous 14 years) a potential move toward 68.235(Average Objective).

March Cotton(NYBOT)
The CTH2(Mkt) ended Lower(Cond) for September(Month). Compared to August's 40.88(Prev Close), the market ended September at (Month Close), that being 4%(Pct Range) off of 36.65(Month Low) to 42.05(Month High).

In comparing the August/September closes for each of the last 41 years(Total Years), Scenario found that the March Cotton(NYBOT) also closed lower in September than August in 24(Cond Years) of those years. Of those 24, CTH went on to penetrate the September low within the next 2 months in 21 years(Action Years) or 88%(Pct) of the time.

Therefore, the historical odds are high that the CTH should penetrate 36.65(Scenario Objective) by no later than the end of November. If it does so, Scenario would further project (based on normalizing those previous 21 years) a potential move toward 35.08(Average Objective).