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>By request:
>
>Level 3 R=1431.7....S=1404.3....Drop dead Sell and Buy points.
>
>Level 2 R=1425.5....S=1410.5....Stop loss points or reversal if
>strong break
>
>Level 1 R=1421.7...S=1414.3....Sell and Buy stop points
>
>I believe the ideal opening trading range to be 1414.3 to 1425.5.
>
>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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