[RT] [realtraders] S&P and Nasdaq S/R for 12/08/99 {13}

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

>> >>>>The S&P closed at 1415.8 vs. 3212 for the Nasdaq.
>> >>>>By request:
>> >>>>S&P
>> >>>>
>> >>>>Level 3 R=1435.2....S=1396.1...Drop dead Sell and Buy points.
>> >>>>
>> >>>>Level 2 R=1426.5....S=1405.3....Stop loss points or reversal if 
>>strong
>> >>>>break
>> >>>>
>> >>>>Level 1 R=1421.6....S=1410.0....Sell and Buy stop points
>> >>>>
>> >>>>I believe the ideal opening trading range to be 1410.0 to
>> >>>>1426.5.
>> >>>>>>Nasdaq
>> >>>>>>
>> >>>>>>Level 3 R=3277............S=3147......Same descripton.
>> >>>>>>
>> >>>>>>Level 2 R=3248............S=3176......Ditto
>> >>>>>>
>> >>>>>>Level 1 R=3230............S=3194......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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