Trading the SPOOs with Patrick Slevin! Message Board

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

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To: Patrick Slevin who wrote (316)	8/30/1999 11:39:00 PM
From: Chip McVickar	Read Replies (1) of 7434

I've been looking into the pattern site you brought to our attention and watching their calls...very impressive. Takes some time to understand....but it's very interesting work...especially the 50/50 day reads...they can make a difference! This commentary is interesting... >>We can see a pattern for the year that can finish running down, a pattern that bounces once more to find the place of resistance and drops down into the close. So in the middle of that overall annual pattern we have to deal with the month, the week and the day. Today is a 2nd cycle day, a day that often is powerful the half of the day and very choppy the other half, unless the pattern is a V or A shaped pattern. The day likes to operate at certain times for strength and movement. And more importantly, it can be the most powerful day of the week when it falls on a Monday. In fact the last time we had a 500 point drop on the Dow was a 2nd cycle day Monday.<< Have a good evening Chip

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