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Correction of typo for S-1
>
>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=1415.4....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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>>
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>
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