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Strategies & Market Trends : Trading the SPOOs with Patrick Slevin!
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To: Jerry Olson who wrote (3537)2/11/2000 10:00:00 PM
From: Patrick Slevin  Read Replies (1) of 7434
 
<i was scared all day...>

I used to trade OEX Options almost exclusively. Trouble was I wasn't scared enough. So now I trade SnP Futures.

My adrenalin level is ten times what it was when trading OEX.

Think I could find work giving testimonials like that for the CME?

So with Carpino, how do you decide? For example, I may have a Pattern Call that sez down but a Position Call that says up. I think the way I'll handle that is to use Minis on one, the Large Contracts on the other. Else I will trade multiples and when the signals conflict I'll take most of the Position contracts off.

The only other deal is to trade Futures Options which I won't do.

That said, how do you decide? If Your Cycle Analyst says it's a turn day yet your PnF guy says the trend has not reversed what do you do? Go into Ice Cream Lock upstairs? I would imagine you would lean towards the Cycle guy because Point and Figure works best in a trending market.

Is that how you handle it?
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