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Strategies & Market Trends : Trading the SPOOs with Patrick Slevin!
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To: Chip McVickar who wrote (427)9/1/1999 9:34:00 AM
From: Patrick Slevin  Read Replies (2) of 7434
 
Actually, I haven't looked but I would imagine close to 50/50.

Hank Camp has been pretty hot as late and he's only 55/45 confident in his read (which is to Sell any early rally).

Just checked, odds are a bit higher, perhaps about 65% chance of an up day. Tossing in the recent patterns and the odds get even better for an up day.

I'm trying to Sell it, then probably reverse and get Long. I'd be far more comfortable with a Long if the market was in the hole when I took it. Buying it now, with a likely gap up, does not quite feel right.
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