[RT] [realtraders] S&P and Nasdaq S/R for 12/02/99 {08}

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

>The S&P closed at 1402.5 vs. 3014 for the Nasdaq.Numbers for
>both appear acceptable.
>By request:
>S&P
>
>Level 3 R=1418.2....S=1386.8...Drop dead Sell and Buy points.
>
>Level 2 R=1411.6....S=1393.4....Stop loss points or reversal if strong 
>break
>
>Level 1 R=1406.8....S=1398.2....Sell and Buy stop points
>
>I believe the ideal opening trading range to be 1398.2 to
>1411.6.
>>>Nasdaq
>>>
>>>Level 3 R=3081............S=2947......Same descripton.
>>>
>>>Level 2 R=3051............S=2977......Ditto
>>>
>>>Level 1 R=3032............S=2996......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 openin the range are buy and sell points.If out of the range no 
>trade.
>
>John



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