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: Patrick Slevin who wrote (713)	10/30/1999 12:16:00 PM
From: SE	Read Replies (1) \| Respond to of 7434

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? No, I don't think so. I fully expected a lower tine touch (test) based on the read. The fact that it blasted back into the upper half of the fork has me baffled to a degree....I think though all I was saying is that I still expect the LT to be tested at some point. The reason is the MT did not hold prices....so the LT should be tested. 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. It was a while back. I have some of it printed out and Chip sent me some more details on it. I still have not had time to get it figured though. In fact, I won't be able to today either. New computer and I have lots of data to transfer over.....another day shot! But you should see this new computer. It is a screamer and the monitor is very very crisp. Must say I am pleased about it.... Anyway, I found it interesting but I don't see how it could help a day trader like myself. On an intraday basis, probably would not. However, knowing the expected movement, higher or lower, would help....but your patterns already give you that. The only other spot it would help would be the exact fork tine levels so you know when to expect a reversal, but you have proven again that your other methods work rather well for that calling 1387 reversal on FRI. So....forks for Pat? Well, I am not sure they would add a whole lot to your arsenal. I guess it would be adding a small hand gun to the guy who owns the munitions plant....or something like that.