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Strategies & Market Trends : Trading the SPOOs with Patrick Slevin!
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To: set who wrote (6060)7/19/2000 11:11:34 AM
From: Patrick Slevin  Read Replies (1) of 7434
 
As odd as it sounds there are some pattern traders that do just that, they decide how a market should act and if it acts the opposite they trade it "upside down", for lack of a better phrase.

Even when they look at a resulting chart, they turn it upside down to look for the similarities. Maybe that's where they get the phrase "Inversion", who knows.

I see it in the charts, matter of fact after looking at this compressed 15 minute chart it's no wonder the darn market pulled back.

I think I may have had something more pithy to say but I was just nailed with 2 long phone calls, one after the other.

Seems to me one can find a pattern in just about anything. What may be more important is recurring patterns. They can be much more general in scope but they are still similar.

Taking the weeks of June 5, June 19th and April 10th you can see a marked resemblance. High Monday, Low Friday. Looking at patterns in this way the most difficult day to trade is Monday because your scope is fresh for the week. By Tuesday you have an idea and by Wednesday you "should" have it knocked.

That's the general idea in the patterns I try to look at, anyway.

Is it just me or are you having problems getting a post to XMit on this SI thingy?
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