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Strategies & Market Trends : TATRADER GIZZARD STUDY--Stocks 12.00 or Less.....

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To: GTC Trader who wrote (11844)11/13/1999 10:32:00 PM
From: JACK R. SMITH JR.  Read Replies (2) of 59879
 
Happy Bids,

I certainly miss our TRADER, but in his absence, I will continue to submit my humble perception of the action of the S&P 500 for all here.

We have closed above 1400 on the Christmas contract, and my thought is that we will have great resistance just above here circa 1420 -25. Longstanding trendline, and very simple.

If we penetrate that, and I predict that we will not, then we are looking at resistance in the 1450 ish area.

Best to all here, and good wishes for our TRADER and family!

Jack!
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