[realtraders] S&P and Nasdaq S/R for 11/30/99 {06}

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

>>>The S&P closed at 1410.4 vs.  3075 for the Nasdaq.Numbers for both appear 
>>>a little narrow.Caution advised.Yesterday's R1 numbers worked well for 
>>>both and especially well for Nasdaq.
>>>>>>>By request:
>
>S&P
>>>>>>>
>>>>>>>Level 3 R=1425.0....S=1395.8....Drop dead Sell and Buy points.
>>>>>>>
>>>>>>>Level 2 R=1418.4....S=1402.4....Stop loss points or reversal if
>>>>>>>strong break
>>>>>>>
>>>>>>>Level 1 R=1414.4....S=1406.4....Sell and Buy stop points
>>>>>>>
>>>>>>>I believe the ideal opening trading range to be 1406.4.4 to 1418.8.
>Nasdaq
>
>Level 3 R=3143............S=3007......Same descripton.
>
>Level 2 R=3112............S=3038......Ditto
>
>Level 1 R=3093............S=3047......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
>>>>>>>
>>>>>>
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