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

To: Gary E who wrote (1217)	11/18/1999 3:50:00 PM
From: Ms. X	Read Replies (1) \| Respond to of 7434

DJBB chart. 107.6 \| \| 107.6 107.4 \| \| 107.4 107.2 \| * \| 107.2 107.0 \| --X --X * ---------------------------107.0 106.8 \| X O B O * 106.8 106.6 \| A O X O * 106.6 106.4 \| X O X C * 106.4 106.2 \| X O 2 * 106.2 106.0 \| --X ----O <--Sell signal in February. We went negative bonds 105.8 \| X O and on alert for higher interest rates. 105.6 \| 9 O * 105.6 105.4 X X O 105.4 105.2 1 O 7 O 105.2 105.0 X O X ----O ---------------------------105.0 104.8 C 4 X O 104.8 104.6 B O O 104.6 104.4 A O 104.4 104.2 X O 104.2 104.0 X --------4 ---------------------------104.0 103.8 X 5 103.8 103.6 \| O X 103.6 103.4 \| O X O 103.4 103.2 \| O X O 103.2 103.0 \| --------O --O -----------------------103.0 102.8 \| \| 6 <--second sell signal in June. 102.6 \| \| O 102.6 102.4 \| \| O 102.4 102.2 \| \| O X 102.2 102.0 \| --------\| --O X O -------------------102.0 101.8 \| \| O X O 101.8 101.6 \| \| O X O 101.6 101.4 \| \| O 7 O 101.4 101.2 \| \| O X O 101.2 101.0 \| --------\| --O X O -------------------101.0 100.8 \| \| O 8 100.8 100.6 \| \| O X 100.6 100.4 \| \| * O X O Top100.4 100.2 \| \| * O X O 100.2 100.0 \| --------\| * ----O --O ---------------100.0 99.8 \| * O 99.8 99.6 \| * \| 9 99.6 99.4 \| * \| O X Med99.4 99.2 \| * \| A B 99.2 99.0 \| * ------\| ----------O X -------------99.0 98.8 * \| O X 98.8 98.6 \| \| O Bot98.6 Finally came down to the bottom of its trading band at 98.6 where it has now reversed up. It was up on the week but not enough to close another box up. No buy signal yet, that would come at 100.8. However, it could reverse back down creating a larger base and then an opportunity for a lower buy signal which certainly would be positive for bonds. This chart can have a lower box size too.