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


To: SE who wrote (710)10/30/1999 11:56:00 AM
From: Patrick Slevin  Read Replies (1) | Respond to of 7434
 
<I always used the Oct 97 low>

Yeah, see I wouldn't know where to start. I don't recall, but I think I used the January '98 because it appeared to channel between July and December, else I would have gone back further.

<Now the thing to note about that fork is that it has tested the upper tine several times and then bounced nicely after the first test of the middle tine. Subsequent to that the middle tine was broken which suggests we should test the lower tine. >

Now what you are saying is that it probably should run up between the middle and lower the way it ran in the upper quadrant from October through August?

I've never seen a post where Zero discusses time. I suppose he would know because it's apparently his primary tool. Chip seems to focus on Intraday times, but I imagine he translates it to longer term stuff.

Anyway, I found it interesting but I don't see how it could help a day trader like myself.