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S/R for 11/5/99



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Trading Reference Links


By request:

Level 3 R=1384.0....S=1353.0....Drop dead Sell and Buy points.

Level 2 R=1377.0....S=1360.0....Stop loss points or reversal if 
strong break

Level 1 R=1372.7....S=1364.3....Sell and Buy stop points

John



------------------ Reply Separator --------------------
Originally From: george kiser <drjazz1@xxxxxxxx>
Subject: Re: Linear Regression
Date: 10/31/1999 11:41am


John:

Thank you for the information.  I always appreciate your comments and
counsel.  Incidentally, I miss not having your daily support and
resistance figures for the e-mini.  If it would not be too much 
trouble
would you please send them to me.  I would appreciate it.  Thanks.

George

John Cappello wrote:
> 
> Quick Observation re. S&P:
> 
> I went back and followed the charts for the past 2 years and noted
> that whenever the prices advanced or declined 50 to 80 points above
> or below the Linear Regression line there was a sharp retracement
> toward the line within one to three days.We are at the higher end of
> being above the line.
> 
> I expect to follow my system but I would be surprised if it does not
> go short.I found this interesting and wanted to share it.
> 
> Sincerely,
> 
> John