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>>The S&P closed at 1444.5 vs. 3414 for the Nasdaq.Numbers for
>>both appear acceptable.
>>By request:
>>S&P
>>
>>Level 3 R=1456.5....S=1432.5...Drop dead Sell and Buy points.
>>
>>Level 2 R=1451.1....S=1437.9....Stop loss points or reversal if strong
>>break
>>
>>Level 1 R=1447.8....S=1441.2....Sell and Buy stop points
>>
>>I believe the ideal opening trading range to be 1441.2 to
>>1451.1.
>>>>Nasdaq
>>>>
>>>>Level 3 R=3487............S=3341......Same descripton.
>>>>
>>>>Level 2 R=3454............S=3374......Ditto
>>>>
>>>>Level 1 R=3434............S=3394......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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