[RT] [realtraders] S&P and Nasdaq S/R for 12/14/99 }

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

>>The S&P closed at 1436.5 vs. 3287 for the Nasdaq.Numbers for
>>both appear acceptable based upon yesterday performance.
>>By request:
>>S&P
>>
>>Level 3 R=1449.8....S=1423.2...Drop dead Sell and Buy points.
>>
>>Level 2 R=1443.7....S=1429.3....Stop loss points or reversal if strong 
>>break
>>
>>Level 1 R=1440.1....S=1432.9....Sell and Buy stop points
>>
>>I believe the ideal opening trading range to be 1432.9 to
>>1443.7.
>>>>Nasdaq
>>>>
>>>>Level 3 R=3373............S=3201......Same descripton.
>>>>
>>>>Level 2 R=3334............S=3240......Ditto
>>>>
>>>>Level 1 R=3310............S=3264......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
>
>
>

______________________________________________________
Get Your Private, Free Email at http://www.hotmail.com