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

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To: Gary E who wrote (1611)11/29/1999 5:02:00 PM
From: Patrick Slevin  Read Replies (2) of 7434
 
Heck, I dunno. I understand the Theory, I believe. Which is based on the economics of Supply and Demand.

All I care about is finding suitable places to Exit stocks. Areas that make sense. I don't follow stocks so I'm dead in the water without some sort of system that can be somewhat mechanical.

The Rambus one was the most striking to me, I had put up a chart comparing Rambus to the Semi Sector, then another comparing the Sector to the SnP. If you like I can forward it to you, but that's all it is. It shows a strong sector with RMBS as a weak component. Top that off with the weak-looking RMBS P&F Chart and the immediate sense is that it's not a Buy.

Then you look at DELL under the same conditions and it appears it's a wait-and-see situation.

I don't know what Sector XMCM is in, but the Chart suggested a hold unless it broke 56.
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