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: fut_trade who wrote (4538)	4/28/2000 9:25:00 AM
From: Patrick Slevin	Read Replies (1) of 7434

I was trying to get Long overnight but it never dropped. Todaay I'm going to Sell it early, then take off for the golf course. I have an aversion to trading on Friday afternoons. I tend to think it can go either way, by the end of the day. But the gap open suggests to me a high percentage bet is to Sell it early so I'll give that a shot. < SPX has moved in a generally single direction> Yeah. I'm pretty much divided on direction because everything I have shows it all as a toss-up. I suppose I'm slightly based North near term and South longer term. I figure the 1495/1500 area, when broken, will see a sustained move up. But if we do not get there it drops for a really good Short. I figure the chief supports going down are 1460 and 1440. If I can get a good Short going I'm going to put in a reverse Stop close if it starts to approach the 1460 level and head out of here.

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