Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Patrick Slevin who wrote (1557)	11/29/1999 1:37:00 PM
From: Jorj X Mckie	Read Replies (1) \| Respond to of 7434

Yes, it would be a spread quad top. I would have to dig out my P&F book to give an accurate horizontal or vertical count definition....I mostly just eyeball the chart. For DELL, I believe that you would want to use the horizontal count. The horizontal count is used when you have a large base. Looking at the 2pt chart, it would indicate a large move based on the horizontal count, but we would need to see $50 for the move to be valid on the 2pt chart. I would look for a 30pt move if it hits $50 (eyeball, not formal count). JXM