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Have been tinkering lately with support resistance using the so called
Camarillo Equations.On the S&P 8/4/99:
Sell at resistance of 1317
Buy at support of 1301
Take whatever trade occurs first.In this case the 1317 short occurred
early in the day and was profitable.
For tomorrow 8/5/99 the numbers calculated:
Sell at resistance of 1330
Buy at support of 1314
Take whatever trade occurs first.
The equations also give stops but no profit target which is
discretionary.
Curious how these numbers compare to others who use support/resistance
in their trading.
Thanks,
John
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