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Strategies & Market Trends : Trading the SPOOs with Patrick Slevin!
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To: Patrick Slevin who wrote (2457)1/10/2000 8:34:00 AM
From: Matthew L. Jones  Read Replies (2) of 7434
 
What's tough here is that the pullback from the 7:50 peak is a Fib retracement down to 73. It's tough for me shorting what may turn out to be the story of the year in the market, and it seems equally hard going long in the face of the current technicals on the futures. We are clearly in an uptrend on the daily and the thirty minute. But statistically, the thirty minute chart has the odds against continuation of this leg being 10:1 extent and 3:1 duration. I may sit on the side until this thing does what it supposed to do.

Matt
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