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Technical difficulties made transmission for 11/23/99 impossible for those
who follow this.
>>>By request:
>>>
>>>Level 3 R=1435.6....S=1388.4....Drop dead Sell and Buy points.
>>>
>>>Level 2 R=1424.9....S=1399.1....Stop loss points or reversal if
>>>strong break
>>>
>>>Level 1 R=1418.5....S=1405.5....Sell and Buy stop points
>>>
>>>I believe the ideal opening trading range to be 1405.5 to 1424.1.
>>>
>>>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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