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: Patrick Slevin who wrote (1791)	12/8/1999 6:17:00 PM
From: Ms. X	Read Replies (1) of 7434

Of course every method takes study but the beauty of PnF is once you have the basics down you can start to use it effectively. As you gain your whiskers your skill gets better and better. It is an art not a science. In time you will only glance at a chart and know immediately the answer to your question. Won't take any time at all. The next chapters aren't that bad although I'll admit that I had to go over Bullish percent alerts a couple of times and still check for reference. You'll like the bullish percents and indicators. People always ask if PnF measures volume or fundamentals or whatever. The answer is PnF measures everything. Whatever is moving the stock the chart picks up and the support and resistance levels are obvious. Take a look at OXHP for instance. Expand the chart (button towards the bottom on the left) and see back when it started to break down (1998). You will see some very clear yucky poo poo signals before it crashed. More than enough time to get ones fanny out of the way if needed. Great chart to gawk at. Yuckie poo poo is a technical term by the way. :-)

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