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: Patrick Slevin who wrote (5505)	6/25/2000 9:46:00 AM
From: Gersh Avery	Read Replies (2) of 7434

The 1435 target is just for what has taken place for this period. We still have the overhead weight left over from the last period. The result from this period only would be the 1435 trigger. I have no data for when such a failure takes place as did last period. That is why the move to the 25 point stop. The 25 point stop method is still the method. When I noted the 1438 bottom I was talking about for the day. The 1435 is the minimum movement for this period. Once the 1435 has been hit then I'll switch to the 25 point method and take whatever I get. Until we get there I'll still try to make a few of the up move scalps here and there .. The "everythings being sold" movement has me real nervous. There is a lot of cash moving to the side. It would not surprise me to see some of it come back into the market over the next couple of days. That said, the build up could continue for a while, which would take the market down further. I have a question for you .. When trading the mini or spoo .. say I have this 5 short. Can I put in a real order for a stop on 10 contracts that would take me to 5 long? Or would a stop only apply to existing contracts?

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