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Strategies & Market Trends : Trading the SPOOs with Patrick Slevin!
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To: Patrick Slevin who wrote (499)9/1/1999 11:48:00 AM
From: SE  Read Replies (2) of 7434
 
Really only a couple of ingrediants.... mainly forks at 1300/1305 SPX, tested yesterday. There are a couple three tines in that area. The general rule of once a system trade is put on, and removed for full profit, the move is about over....if not over....and there seems to be a lot of bearish talk. Just seems to me that this is as good a place to start thinking more positionally long than anywhere else.

Of course, trouble is it would have been better to have been getting long yesterday in the low 20's to reduce the risk, but I still beleive we should move higher.

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