[RT] [realtraders] S&P and Nasdaq S/R for 12/15/99 }

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

>>The S&P closed at 1425.3 vs. 3224 for the Nasdaq.Numbers for
>>both appear in range.
>>By request:
>>S&P
>>
>>Level 3 R=1443.3....S=1407.3...Drop dead Sell and Buy points.
>>
>>Level 2 R=1435.2....S=1415.4....Stop loss points or reversal if strong 
>>break
>>
>>Level 1 R=1430.2....S=1420.4....Sell and Buy stop points
>>
>>I believe the ideal opening trading range to be 1420.4 to
>>1435.2.
>>>>Nasdaq
>>>>
>>>>Level 3 R=3313............S=3135......Same descripton.
>>>>
>>>>Level 2 R=3278............S=3170......Ditto
>>>>
>>>>Level 1 R=3248............S=3200......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


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