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Strategies & Market Trends : Trading the SPOOs with Patrick Slevin!
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To: Patrick Slevin who wrote (5761)7/5/2000 11:56:10 PM
From: Gersh Avery  Read Replies (2) of 7434
 
I'm flattered that you include me in that list ..

I hope that you managed to get out of that long before we got hit to hard ..

I got really nailed over on the Players thread today .. haven't even taken the time to add it up yet.

It's almost like somebody got really pissed off with me and just waited for me to go long ..

I'm really concerned about the move down today .. it just didn't fit into the scheme of things ..

Carpino and Camp both had today heading toward the upside .. Monday finished heading north which seems to imply that we would head north some more today .. It could be that the Friday morning news has leaked out and it's really bad .. or .. somebody(s?) large have decided to pull some plug and waited until it seemed that all the gurus were saying "north."

I suppose that the leftover weight from last month could be about to come home ..

Regardless .. there was major distribution going on today. All day long .. every spike was being nailed by big money. I thought that around noon they had ran out of stock to sell .. but I guess that they just went out for lunch. What was interesting to note was that today was cash directed and not futures directed .. most days, if there is something major going on, the futures are being yanked one way or the other .. not today .. stocks took the lead.
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