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John,
I incorporate Support/Resistance for the NDX and OEX in my trading on a daily/weekly basis. My calculations are as follows:
Daily Weekly
NDX 2236-2178 2260-2101
OEX 678-666 683-657
I am a short term postion trader of stocks and OEX options and here is how I use these calculations.
My weekly indicators are pointing south so I am looking for a short entry. I prefer to trade the OEX for the short side. I am waiting for a short term rally to move my hourly and daily indicators to the UP side. If that happens, I will look for the upward price movement to retrace at or near the daily and/or weekly resistance. I would then try to buy in the money OEX puts and ride them to support levels.
Steve
>>> John Cappello <jvc689@xxxxxxx> 08/06/99 07:08PM >>>
Desparately seeking other Support/Resistance Day Traders.Just wish to
compare others method results to mine.Do not want anything proprietary
back.Only wish to see how far apart or close we come as far as levels
of support and resistance.
Yesterday posted a support buy of S&P at 1314 for 8/6/99.Entered at
1314 and exited at 1320.
Did not post a support buy of Nasdaq at 2222 with exit at 2267.
Over the week-end will post for Mon. 8/9/99 both the S&P and Nasdaq
for comparison with any others who wish to share their levels for
comparison.
I have had numerous responses requesting what I am doing.I hope the
above clarifies my goals and objectives.I apologize for not getting
back to each and everyone who e-mailed me privately.It makes little
sense to me to send out a bunch of stuff I am trying to
"prove".Secondly I have seen very little if any of anyone else's
proprietary stuff posted,nor am I asking for that.
Sincerely,
John
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