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To: Ron McKinnon who wrote (27704)	1/2/2001 3:21:04 PM
From: Nemer	Read Replies (2) \| Respond to of 53068

>>>>how bad is SPX under 1300 techncally? SPX.x plus fair value equals sp01h (and that is what all my current stuff is on right now, the sp01h) so I'll give the answer based on the MarFuturesSPX /// technically, my signal went short just a tad bit before close on Friday ..... at 1331 ... and remains short right now with resistance/ceiling (which is moving downwards, btw) at 1330 with the very first indicator of a move up (incicator mind you ... NOT a strong one either) at 1315 .... were I short, even from 1331, which I didn't do, I would NOT cover said short at 1315 but would look for it to break through that point BEFORE I would even entertain a semblance of an up move continuing .... ok ... here it is s- l- o- w- l- y for Larry ..... a) no visible sustaining move up til 1315 is broken and holds for more than 30 minutes b) wouldn't recco going long til 1330 is broken c) support/floor is in the vicinity of 1270-1265 and this is a VITAL level .... for the next support/floor is TFDTFA hope this helps T ps == TFDTFA = toofardowntoforecastaccurately EDIT .... the moving target of which I speak does move a lot during the day and even at night on Globex ... for example, it has moved from 1315 and 1330 when I was typing (and having a verrrrrrrry hard time getting SI to accept the post) to 1317 and 1333 right now just a few minutes later ..... but I'm STILL ahead of Larry ....... hehehehe