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Strategies & Market Trends : Systems, Strategies and Resources for Trading Futures -- Ignore unavailable to you. Want to Upgrade?


To: Matthew L. Jones who wrote (39805)11/2/1999 3:00:00 PM
From: Matthew L. Jones  Read Replies (3) | Respond to of 44573
 
I just bailed out too soon after 12.25 point move <GGRR>! I'm interested in what some of you experts use for support levels. I used the day's low (yesterday's close) as my support to exit at 61.75. Then I watch as the price continues to drop to 57.50 (at least for now). I am new at the E-minis. What would one of you experienced guys have done in that situation? I hate leaving money on the table! Thanks for the help. Matt



To: Matthew L. Jones who wrote (39805)11/2/1999 4:04:00 PM
From: Magnatizer  Read Replies (1) | Respond to of 44573
 
Matt

Message 11764023

the spreadsheet which is the link on that post has the market magnets. Using the SP500 cash plus fair value for today I had levels (in the area of yesterdays close) of 1353, 1361 and 1396 for the spoo.... IE 1346 plus fv of 7... 1353

Those are the Pivot points I run the Fib retracements from.

ht
david