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Strategies & Market Trends : Trading the SPOOs with Patrick Slevin!

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To: Gersh Avery who wrote (5054)6/6/2000 4:55:00 PM
From: Chip McVickar   of 7434
 
Well..., the way that upper tine broke the run up suggests a lower to flat day tomorrow. But Today was a TP from way back 10/18/99 on the DJIA, so todays action was positive, because that type of TP can result in a very strong move.

No economic news out tomorrow, so unless something breaths life into the buyers...the sellers and that lower gap at 1448.11 spx looks easier then going up.

Also there is a lower tine in that area off a daily fork from 4/24-low.

Nice Call Today...I missed it...and should have gone short.
Mind set was wrong..!

Chip
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