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

To: Ms. X who wrote (1232)	11/18/1999 4:43:00 PM
From: SE	Read Replies (1) \| Respond to of 7434

The chart is now in a possible shakeout pattern but we won't have a completion of that pattern until it reverses up. If it continues down it negates the shakeout. A shakeout once completed is bullish by the way. See...you gotta go slow with me on this. I am just south of OJ in ability to grasp this stuff...but knowing that he got it gives me some hope that I might eventually understand. You say possible shakeout pattern, but if it continues lower it negates the shakeout. I assume if we open higher tomorrow and trade up, it was a shakeout and we should be long. However, if it opens lower, it is not a shakeout but a reversal of the long and they are now a sell.....if so, then where is support?????? Is that a fair reading of your stmts????