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

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To: Brian Hornby who wrote (1668)12/3/1999 10:16:00 AM
From: Patrick Slevin  Read Replies (1) of 7434
 
<big moves up (over the month or two time frame) are typically started by a sharp rally, correct?>

I would believe that is likely to be true. I see no reason to doubt it. So your Nets are Long, eh? Mine went Long yesterday after Closing Wednesday Flat. They are Longer as of today's Close.

I sort of thought the correction had a few more days in it, but when it hit support on the Cash in the mid-80's and rallied my thoughts became more neutral. Now I don't know what to think near term to be honest. If I had to throw a stick at it I would think that 1446 on the Cash is the highest we can go for the near term.
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