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Strategies & Market Trends : Trading the SPOOs with Patrick Slevin!
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To: Gersh Avery who wrote (5615)6/28/2000 12:59:00 PM
From: Patrick Slevin  Read Replies (1) of 7434
 
I figure it may be worth a shot if managed well.

"Managed well". That's a real oxymoron when applied to a day like this could be. But I think I can do it. The real key is to get in on a dip prior, or a dip during if possible.

I recall one where I read it like a book, they ran it up, dropped it hard, I got in on the drop, and then it was Jackie Gleason, "A-waayyy we goooooo". Boy that was pure luck. Where I made my mistake there was getting out too early. I may play it this time to trade 4 and get out of 2 on any bounce.

Plenty of time to decide; besides, it depends on what happens in-between then and now.

I do think that breaking 1496ish (1477ish SPX) sends it runnin'. If it does I'm hanging on for a bit, there.
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