[RT] [realtraders] S&P and Nasdaq S/R for 12/01/99 {07}

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

The S&P closed at 1391.5 vs. 2973 for the Nasdaq.Numbers for
both appear acceptable.
By request:
S&P

Level 3 R=1416.0....S=1367.0...Drop dead Sell and Buy points.

Level 2 R=1405.4....S=1378.1....Stop loss points or reversal if strong break

Level 1 R=1398.5....S=1384.5....Sell and Buy stop points

I believe the ideal opening trading range to be 1384.5 to
1405.4.
>>Nasdaq
>>
>>Level 3 R=3082............S=2864......Same descripton.
>>
>>Level 2 R=3033............S=2913......Ditto
>>
>>Level 1 R=3003............S=2943......Ditto
DESCRIPTION:Level 3 are points if reached have a high probabiltityfor 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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