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 (1893)	12/15/1999 11:47:00 PM
From: Ms. X	Read Replies (1) of 7434

On the internals the NYSE BP reversed down. Confirmation tomorrow. Usually I find the market appears to rally right after the OPTI or NYSE BP reverses down. Proves later to be exit opportunities. NYSE BP looks ahead several months so we won't know "why" it reversed down for a couple of months. All we know is it did. That all being said... The reversal comes at a low level on the chart so the risk isn't as high like it would be if it reversed above 70%. But, it is still risk and one shouldn't chase stocks as I've mentioned. If you want to go short on some market fixins now would be a good time to look for the opportunity - especially on any rallies.

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