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


To: Jerry Olson who wrote (406)8/31/1999 10:37:00 PM
From: Patrick Slevin  Read Replies (1) | Respond to of 7434
 
I don't think so.....but you never said what your bias was anyway;

What are you, Long or Short?



To: Jerry Olson who wrote (406)9/1/1999 8:00:00 AM
From: Patrick Slevin  Read Replies (2) | Respond to of 7434
 
I decided to Short it early and then step aside.

The late Sell Off completely threw me off with respect to a confidence factor. I'm sort of glad that I won't be around tomorrow and much of Friday because it's not going to do what I expect, I am afraid.

Besides, as I was just reminded, as today wears on the market will get thinner and thinner and stay that way into Friday.

Exaggerating the moves to such an extent that if you are on the correct side it's probably wonderful. If not it can really ruin your weekend. But I no longer think the afternoon is a Short into late Thursday. At least not at this point.