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Range may be narrow for 2 and 1 but I still like 3.If you remember Charlie
from Hawaii,he is shorting at 1451 with a 10 point stop on the e-mini [just
an FYI]
>>By request:
>>
>>Level 3 R=1436.3....S=1418.7....Drop dead Sell and Buy points.
>>
>>Level 2 R=1432.3....S=1422.7....Stop loss points or reversal if
>>strong break
>>
>>Level 1 R=1429.9....S=1425.1....Sell and Buy stop points
>>
>>I believe the ideal opening trading range to be 1425.1 to 1432.3.
>>
>>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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