Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Jerry Olson who wrote (386)	8/31/1999 3:46:00 PM
From: Patrick Slevin	Read Replies (1) \| Respond to of 7434

V Shape refers to the "shape" of the market. If you look at a 5 minute Chart of the SnP from around 10:30 Eastern until now it's somewhat like a V shape. Actually, it's technically a 3 point day.....High, Low, High. But it's easier to explain it as V shape. I say 10:30 because typically when looking at patterns you chuck the first 30 minutes or so. It's usually noise from overseas money and traders who take a position and walk away for the rest of the day with a Money Management Stop. Then, too, you normally throw out the last 30 minutes or so for the same reason. There can be some Large Money skipping around during those times as well, so filtering it out is helpful.