[RT] S&P and Nasdaq S/R for 12/06/99 {01}

[Phil <rhodes@xxxxxxxxxxxxxx>]

               Check this.

     www.futuresworld.com/html/supportandresistance.htm 


At 11:12 AM 12/5/99 EST, Dr. John Cappello wrote:
>
>>>>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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