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Commentary for 1/14/2000:
S&P-It opened out of Level 1 at 1478.Since this was so close to R3 at
1480.2 one would have shorted there and exited anywhere between 1470 to
close of 1478 depending on profit target.
Nasdaq-It opened at 3738 also close to R3 at 3753 where a sell would have
been entered and an exit anywhere between 3715 to close of 3751 depending
upon profit target.
S&P
>>Level 3 R 1496.6..........S 1460.0
>>
>>Level 2 R 1486.0..........S 1470.0
>>
>>Level 1 R 1479.8..........S 1476.2 Level 1 too narrow to trade.I would
>>trade Level 2 as 1 and 3 as 2.
>>Nasdaq
>>
>>Level 3 R 3823............S 3679
>>
>>Level 2 R 3790............S 3712
>>
>>Level 1 R 3770............S 3732
>>Far Out Option Trade Summary
Counting the cocoa trade om Fri. 14th there are now over $500 + in premium
collected the first week in the event of expiration OTM with a stop loss
plan in action.
Stock Research Expected To Pick Up
but the pickings are slimmer in internet land.Any research ideas welcome.
Sincerely,
John
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