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>>The S&P closed at 1437.2 vs. 3382 for the Nasdaq.Numbers for
>>both appear acceptable but S&P very close to yesterday in many respects.I
>>don't think I like that since I do not see it that often and have no frame
>>of reference as to meaning if any.
>>By request:
>>S&P
>>
>>Level 3 R=1451.2....S=1423.2...Drop dead Sell and Buy points.
>>
>>Level 2 R=1445.2....S=1429.2....Stop loss points or reversal if strong
>>break
>>
>>Level 1 R=1441.2....S=1433.2....Sell and Buy stop points
>>
>>I believe the ideal opening trading range to be 11433.2 to
>>1445.2
>>>>Nasdaq
>>>>
>>>>Level 3 R=3463............S=3301......Same descripton.
>>>>
>>>>Level 2 R=3426............S=3338......Ditto
>>>>
>>>>Level 1 R=3404............S=3360......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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