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

To: Chip McVickar who wrote (324)	8/31/1999 8:34:00 AM
From: Patrick Slevin	Read Replies (1) \| Respond to of 7434

Yes, everything I could find last night steered me towards a belief that the market would bounce.......at least at some point. Whether it gaps down and then runs or gaps up and comes back it still runs higher at some point. Depending on how it handles the morning the peak could be mid-day or late afternoon. Either way, I think the best trade is to be Long at some point. I'd like it to gap down so I could just buy it and go brain dead. Else I might sell a higher Open and reverse into a Long. This is the day that has the odds of being "A" or "V" shaped that Patterntrading was speaking of. At least I think so. If it runs up into early afternoon I'll be tightening Stops.