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The S&P closed at 1421.5 vs. an insane 3124 for the Nasdaq.
>>>>By request:
>>>>
>>>>Level 3 R=1443.9....S=1399.1....Drop dead Sell and Buy points.
>>>>
>>>>Level 2 R=1433.7....S=1409.3....Stop loss points or reversal if
>>>>strong break
>>>>
>>>>Level 1 R=1427.6....S=14014.4....Sell and Buy stop points
>>>>
>>>>I believe the ideal opening trading range to be 1415.4 to 1433.7.
>>>>
>>>>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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