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Strategies & Market Trends : Trading the SPOOs with Patrick Slevin!
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To: Patrick Slevin who wrote (3412)2/3/2000 9:00:00 AM
From: SE  Read Replies (2) of 7434
 
Last night I was hoping to buy an early dip. There was a divergence between the spanking the spoo took in the late innings and the beta index that indicated it should move higher from the 1415 level where it closed. However, now that Globex has consumed that, I am unsure of the early buy. Will have to see what happens in the early going.

I still believe a move to at least 1440 is in the cards before we turn lower, possibly 1470. However, my judgment on that is doubted by some knowledgable traders as well, so we shall see.

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