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Strategies & Market Trends : Trading the SPOOs with Patrick Slevin! -- Ignore unavailable to you. Want to Upgrade?


To: SE who wrote (163)7/28/1999 1:05:00 PM
From: Patrick Slevin  Respond to of 7434
 
It's a hard to call afternoon.

Yesterday I was pretty sure the Last Hour was a Sell but I was reluctant to say so. Instead, I just told Jerry that I was booking it and left.

Today it truly is a 50/50 late Inning. It could drive into the 80s or drop back into the low 60s. I'm not even thinking about trading it. I have a Long bias but that and a buck and a half will get you a Kona Coffee at Timothy's on the corner of Wall and Broad.

As I recall the SS Card had the same name.....she changed it not long ago. Now it's just my last name and no Maiden Name.

So call me anti-feminist. her father was a nice guy but it's still "his" last name. Besides, as you said, it isn't exactly the top tier at the IRS who sends out these missives.



To: SE who wrote (163)7/28/1999 1:20:00 PM
From: Patrick Slevin  Respond to of 7434
 
It's looking very Bullish but I am getting more nervous about the afternoon.

The longer term Indicators that I have....15 minute and 30 minute based....are tending towards overbought.

So I'm going to look for an Exit or just Exit on a Spike up....if I get the chance.

Good luck with whatever you decide.



To: SE who wrote (163)7/28/1999 1:29:00 PM
From: Patrick Slevin  Respond to of 7434
 
Okay, that did it for me.

I might scalp it before I leave, but it would require a lot of concentration so it's unlikely.

See you later.