[realtraders] S&P and Nasdaq S/R for 11/29/99 {05}

["Dr. John Cappello" <jvc689@xxxxxxxxxxx>]

>>
>>The S&P closed at 1414.6 vs.  3121 for the Nasdaq.Numbers for both appear 
>>alittle narrow.Caution advised.
>>>>>>By request:

S&P
>>>>>>
>>>>>>Level 3 R=1429.9....S=1399.3....Drop dead Sell and Buy points.
>>>>>>
>>>>>>Level 2 R=1423.0....S=1406.2....Stop loss points or reversal if
>>>>>>strong break
>>>>>>
>>>>>>Level 1 R=1418.8....S=1410.4....Sell and Buy stop points
>>>>>>
>>>>>>I believe the ideal opening trading range to be 1410.4 to 1423.0.
Nasdaq

Level 3 R=3168............S=3074......Same descripton.

Level 2 R=3147............S=3095......Ditto

Level 1 R=3134............S=3106......Ditto
>>>>>>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
>>>>>>
>>>>>
>>>>>______________________________________________________
>>>>>Get Your Private, Free Email at http://www.hotmail.com
>>>>>
>>>>>
>>>>
>>>>______________________________________________________
>>>>Get Your Private, Free Email at http://www.hotmail.com
>>>>
>>>>
>>>
>>>______________________________________________________
>>>Get Your Private, Free Email at http://www.hotmail.com
>>>
>>>
>>
>
>______________________________________________________
>Get Your Private, Free Email at http://www.hotmail.com
>
>

______________________________________________________
Get Your Private, Free Email at http://www.hotmail.com