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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 (1234)	11/18/1999 5:22:00 PM
From: SE	Read Replies (1) \| Respond to of 7434

It does help. So in bond parlance, if bonds do not trade lower than 113'08 tomorrow and instead trade higher and continue higher, then buy bonds at 114'08 and place a stop at 113'08. Risk is one point.....what is the upside for the risk/reward ratio???? It appears to me to be 115'16 (115.50) and then 116'08 (116.25). Is that right???? If they break 113'08, where is the next support? 112.50 then 111.00???? Thanks...this is very educational. I appreciate the help.