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>>The S&P closed at 1454.5 vs. 3599 for the Nasdaq.Numbers for
>>S&P appear acceptable; for the Nasdaq--wild as it is.
>>By request:
>>S&P
>>
>>Level 3 R=1480.9....S=1428.1....Drop dead Sell and Buy points.
>>
>>Level 2 R=1468.9....S=1441.1....Stop loss points or reversal if strong
>>break
>>
>>Level 1 R=1461.7....S=1447.3....Sell and Buy stop points
>>
>>I believe the ideal opening trading range to be 1447.3 to
>>1468.9.
>>>>Nasdaq
>>>>
>>>>Level 3 R=3774............S=3424......Same descripton.
>>>>
>>>>Level 2 R=3695............S=3503......Ditto
>>>>
>>>>Level 1 R=3647............S=3551......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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