[RT] [realtraders] S&P and Nasdaq S/R for 12/06/99 {10}

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

>>>The S&P closed at 1438.5 vs. 3176 for the Nasdaq.S&P mumbers for 12/3/99 
>>>were less help than Nasdaq due to gap opening.There would have been some 
>>>merit to add the amount of the difference from previous close to open to 
>>>S&P R's and subtract from S&P S's as 1 of 2 alternatives.
>>>By request:
>>>S&P
>>>
>>>Level 3 R=1461.7....S=1414.3...Drop dead Sell and Buy points.
>>>
>>>Level 2 R=1451.2....S=1425.8....Stop loss points or reversal if strong
>>>break
>>>
>>>Level 1 R=1444.8....S=1432.2....Sell and Buy stop points
>>>
>>>I believe the ideal opening trading range to be 1432.2 to
>>>1451.2.
>>>>>Nasdaq
>>>>>
>>>>>Level 3 R=3227............S=3125......Same descripton.
>>>>>
>>>>>Level 2 R=3204............S=3148......Ditto
>>>>>
>>>>>Level 1 R=3190............S=3162......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
>
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