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


To: Patrick Slevin who wrote (438)9/1/1999 10:00:00 AM
From: SE  Read Replies (2) | Respond to of 7434
 
This is just a quickie. I have it on good authority that we need to retest yesterday's lows before blast off, so I am thinking maybe gap close plus a few for extra effort then up. Besides, what are the chances of a gap higher and one way up day? Slim I would guess....but that is your department. We won't get to 1308, but maybe mid to high teens I am thinking.

Also my logical stop place was not too much of a loss if I was wrong, so the risk/reward ratio was strongly in my favor.

Let's see if it works...then a nice long play the rest of the day.

I am sure it was computer trouble. When I exit I will know if they fixed it or not. I called in and they gave me the fill....just did not get to me by computer for another five minutes or so.....