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Strategies & Market Trends : Systems, Strategies and Resources for Trading Futures

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To: SE who wrote (8818)	11/20/1998 12:16:00 AM
From: Brian Hornby	Read Replies (2) of 44573

Scott, Another analyst who has quoted 1161 as resistance for the Dec SPOO is Tucker Emmett, who gives a daily commentary for Xpresstrade customers. His support and resistance numbers have been astonishingly accurate. He has been predicting that the SPOO would get to 1161 in the current rally and it is kissing it now. I did my own pitch fork and the top line does hit 1161 - picking the July high and October low. as significant high and low. I am not sure what technique Tucker is using for support and resistance though he does fold Elliot wave analysis into his work. His closest support number now is 1141 BTW. Given that I think a breakout above 1161 is possible, as I can't really see us not gunning for a try at the old highs before any serious withdrawal. Perhaps some consolidation now and then a push.

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