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

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To: Jorj X Mckie who wrote (3241)1/26/2000 1:04:00 AM
From: Patrick Slevin  Read Replies (1) of 7434
 
Should be interesting to compare. I've got to get a hold of one of the older books. I can see why it was a good idea for Cohen to create it the way he did but it's also easy to understand why.

If you went back 25 years you wouldn't even have an intraday bar chart, did you know that? The first intraday charts that I know of were hand-typed on CPM disks in the late 70's by secretaries on a two-session a day basis. Sure, there may have been a firm that did it earlier and more frequently but the people I know that started this took years before they could get it to intra-hour so it's no shock to me that PnF would not be looked at by tick. Particularly since it's a relatively arcane form.

But that does not mean it should be dismissed; I know you aren't saying that by the way, I wanted to speak my mind on that.

Who knows, the idea might stink. But it's been around a lot longer than the version Cohen or Blumenthal came up with out of necessity. That's my thought on it anyway.
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