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To: Chip McVickar who wrote (42471)12/19/2000 12:39:08 PM
From: Jeff Jordan  Read Replies (1) | Respond to of 44573
 
>>>SPX 1340 is a serious support resistance area around 1340 <<<

try again....



To: Chip McVickar who wrote (42471)12/19/2000 12:53:25 PM
From: Patrick Slevin  Read Replies (1) | Respond to of 44573
 
I think 36 to 42 is support. Depends on the move down how strong.

There is a Real Gap from Friday at 57.50 but I think True Gaps have more significance.

EDIT I was speaking of SP1H Support, not SPX. Have not looked at that.



To: Chip McVickar who wrote (42471)12/19/2000 1:01:07 PM
From: Patrick Slevin  Read Replies (1) | Respond to of 44573
 
We are still trading within the Friday SPX bar, did you notice?

A real Suicide Trade may be to place a Buy Stop for E-Minis just above the SPX bar in the event of break North. The South Side of the bar for a Sell is too far away.

Boy, anyone trading with Interactive Brokers into the announcement on the wrong side of a position may find out today whether soft stops work okay or not.