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: Gersh Avery who wrote (5274)	6/12/2000 8:22:00 AM
From: Jerry Olson	Read Replies (2) of 7434

Gersh i have Carpinos take today as the following.. up early, then down later, down Tues into Wed morning... then up right thru the 22nd time frame... there are several index charts right on the cliff's edge.. if we do not rally this week, we could selloff quickly.. in fact the OEX broke a double bottom last week...and the SPX is right there too...1450 would be that sell signal.. however!!!...i have seen this pattern before, at a juncture just like this... some times you get that 1 box sell signal, but then it's negated and reverse up quickly???? it's the most bullish of all signals to my thinking..it means the bears have given up...it's called "The Bearish Signal Reversal".. we will watch this carefully... i am long and will go to full 100% margin if we hold here this week... regards OJ

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