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<br><table><tr><td bgcolor="#CCCCCC" width=1> </td><td width=5> </td><td><table><tr><td bgcolor="#CCCCCC" width=1> </td><td width=5> </td><td>The S&P closed at 1477.8 vs. 3640 for the Nasdaq.Numbers for
<br>both appear acceptable given volatility.
<br>By request:
<br>S&P
<br>
<br>Level 3 R=1490.4....S=1465.2....Drop dead Sell and Buy points.
<br>
<br>Level 2 R=1484.7....S=1470.9....Stop loss points or reversal if strong break
<br>
<br>Level 1 R=1481.2....S=1474.4....Sell and Buy stop points
<br>
<br>I believe the ideal opening trading range to be 1474.4 to
<br>1484.7.
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<br>
<br>Level 3 R=3743............S=3537......Same descripton.
<br>
<br>Level 2 R=3696............S=3610......Ditto
<br>
<br>Level 1 R=3668............S=3612......Ditto
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<br><table><tr><td bgcolor="#CCCCCC" width=1> </td><td width=5> </td><td>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.
<br>
<br>John
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