SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : Trading the SPOOs with Patrick Slevin!
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: John Pitera who wrote (1732)12/7/1999 11:27:00 AM
From: Patrick Slevin  Read Replies (1) of 7434
 
I have kool charts like that. One day I have to sit down and read all these notes I have on how to post them on a website.

You can see how fancy we get.... happybox.nu

<are you telling me you want in on the downside when this puppy does an earth orbit reentry>

Sure, but on any given day it Sells faster intraday than it buys up. It dropped 14 points in 40 minutes from the 9:30 bar to the 10:10 bar for example, and bought up less than 10 points in the next 35 minutes.

I'd rather catch the Short than the Long any day of the week. Statistically, my recollection is that the Market sells down either 62 or 67% faster than it buys up. From the Buy point of view, the market moves up 67% of the time. So I suppose a position trader who is more content to sit and wait would prefer the odds being Long, as a rule. The day trader, who is supposed to be faster by design, would probably favor the Short side as a rule. That would seem logical to me.

Of course, one man's Logic is another man's Holy War.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News