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

To: Patrick Slevin who wrote (1241)	11/19/1999 10:25:00 AM
From: Brian Hornby	Read Replies (1) \| Respond to of 7434

At this stage I don't know, the strength of this market is amazing. The Nasdaq has new highs every day and lots of stocks are breaking above the upper trend lines with accompanying PnF positive charts. I guess I personally would wait for a good indication the next cycle down is starting before shorting anything. My gut feeling is what you think, once we get the option related stuff out of the way a consolidation will appear next week, but I found that my gut feelings has not been historically my best trading indicator ... Nets are still short BTW. I found that when the market really breaks down or up the net systems have trouble, they work best with the normal oscillations, which of course they were trained on.