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

To: SE who wrote (1235)	11/18/1999 5:32:00 PM
From: Ms. X	Read Replies (1) \| Respond to of 7434

Of course, we are talking about the December bond and the other charts may be somewhat different. But, US9Z has major resistance at 115.50 and the Bearish resistance line right above that. I'd say it would trade to that level, on the pattern completion, fairly easily and then hesitate. It may even reverse down from there. If it blows through the 115.50 to 115.75 it has the Bearish resistance line to contend with and resistance at 116.25. This leaves me to believe that the chart will move up, pull back and then move up (provided this is a false sell signal). I have a vertical count of 122. When it reaches that I don't know but that is the momentum that the chart seems to support.