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 (6630)	12/26/2000 4:24:39 PM
From: Gersh Avery	Read Replies (1) of 7434

Hi Patrick .. I think I've noticed a pattern that you might find usefull. On days like today, there seemed to have been some folks that were "trapped" in short positions at the close of stocks(4PM). As they waited for the futures to pull back they got squeezed. Futures ramped up on them and they were forced to close at even higher prices. On days like that, I've notticed that when futures open back up there is a sharp momentary reversal. So that, if futures ramp up they will drop down when they reopen .. point and a half or so. if they ramp down, they bounce back up .. again 1.5 or so .. FWIW Gersh BTW .. in case I missed you .. Happy Holidays

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