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By request:
Level 3 R=1403.1....S=1356.3....Drop dead Sell and Buy points.
Level 2 R=1392.7....S=1367.3....Stop loss points or reversal if
strong break
Level 1 R=1386.3....S=1373.7....Sell and Buy stop points
I believe the ideal opening trading range to be 1373.7 to 1392.7.
DESCRIPTION:Level 3 are points if reached have a high probabiltity
for profit if sold at R or Bought at S
Level 2 are stop loss points if you enter at level 1.They are also
breakout points if penetrated.
Level 1 assuming we open in the range are buy and sell points.if out
of the range no trade.
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
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