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: Gary E who wrote (1616)	11/29/1999 6:15:00 PM
From: Patrick Slevin	Read Replies (1) of 7434

I don't know, I don't have QCharts up at the moment I'm running other stuff. One system suggests that if the market can Open high enough then 1403.70 is a breakdown point. On the other hand, if it Opens below 1403.70 then you are in limbo, if it can rally back from such an Open it may become a Long for the rest of the day. Decisions, decisions. I'm not certain what I would have done with Rambus had I been watching it at that point. I suppose I would have sold it eventually if I was paying attention. Looking at the Point and Figure Chart I'm quite certain that I would have sold it.......but my chart only goes back to the July Highs. It's an interesting manner of looking at it isn't it? Plot the Stock against the Sector and the Sector against the SnP. I have to fool around with it a bit more. Let me know if you get a variation that looks good.

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