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>>The S&P closed at 1435.0 vs. 3446 for the Nasdaq.Numbers for
>>both appear acceptable.
>>By request:
>>S&P
>>
>>Level 3 R=1454.4....S=1415.6...Drop dead Sell and Buy points.
>>
>>Level 2 R=1445.6....S=1433.4....Stop loss points or reversal if strong
>>break
>>
>>Level 1 R=1440.3....S=1429.7....Sell and Buy stop points
>>
>>I believe the ideal opening trading range to be 1429.7 to
>>1445.6.
>>>>Nasdaq
>>>>
>>>>Level 3 R=3506............S=3386......Same descripton.
>>>>
>>>>Level 2 R=3479............S=3413......Ditto
>>>>
>>>>Level 1 R=3462............S=3430......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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