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

To: SE who wrote (720)	10/30/1999 12:49:00 PM
From: Patrick Slevin	Respond to of 7434

Well right now on the weekly that lower tine (LT?) is around 1210 on the Weekly Cash. That's some drop. Of course, I'm using that fork I mentioned before from Jan 1998. <probably would not. However, knowing the expected movement, higher or lower, would help> Which reminds me, I stumbled on a trend technique for intraday that I never thought would work. But even on the 27th it would have you playing the Long side from 2:00 on. It might not translate well into QCharts, as sometimes parameters on one software package doesn't give the same results on the next. But it's an Hourly Chart. It's remarkable when you go back and look at it over the weeks. Throwing a Plus and Minus Directional Indicator on it with the parameters set at 8 it picks out trend turns. In other words, if you were scalping you might fight the trend, if you wanted to take the easy way and play the trend for position then you would know what the trend is by just one glance at the screen. It peaked during the 10:00 Eastern Hour on Friday. Oddly enough the market ran out of lift around that time as well. So just taking it Long on Wednesday at 2:00 it would have kept you in until Friday at 10:00 I've had it on my machine for months but never really started to consider it until a few weeks ago when it just jumped out at me. The obvious display of trend, that is. Well, back those off an hour.......because you have to allow the bar to complete before you know the position of the Indicators. Good luck with the new machine, I presume Jammer was high on the list of priority programs to ship across.