[RT] [realtraders] S&P and Nasdaq S/R for 12/10/99 {01}

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

>>The Mar S&P closed at 1429.2 vs. 3212 for the Nasdaq.Numbers for
>>both appear acceptable.Numbers for 12/9/99 worked well and I rolled over 
>>to Mar. because my broker rolled me over on a couple of position trades I 
>>hold and it worked out fine.
>>By request:
>>S&P
>>
>>Level 3 R=1456.6....S=1401.8...Drop dead Sell and Buy points.
>>
>>Level 2 R=1444.1....S=1417.3....Stop loss points or reversal if strong 
>>break
>>
>>Level 1 R=1436.7....S=1421.7....Sell and Buy stop points
>>
>>I believe the ideal opening trading range to be 1421.7 to
>>1444.1.
>>>>Nasdaq
>>>>
>>>>Level 3 R=3334............S=3090......Same descripton.
>>>>
>>>>Level 2 R=3279............S=3145......Ditto
>>>>
>>>>Level 1 R=3245............S=3179......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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