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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 (1914)	12/16/1999 12:26:00 PM
From: Ms. X	Read Replies (1) \| Respond to of 7434

The OPTI.. On the DWA site you look this up with the symbol BPOPTI While we have done that let me give you other symbols for the indicators High Low Index - hilo 10 Week moving average - 10week 300 week moving average - 30week Optionable Bullish Percent - BPOPTI NYSE Bullish Percent - BPNYSE Dow Jones 20 Bond - DJBB Here is the BPOPTI The lines \| mark the separation of years. As you can see some years are more volatile than others. Above 70% is the red zone, below 30% is the green zone. You can see our reversal now is in the middle and that is why I say the risk isn't as high as above 70%. 76 \| \| 76 74 8 X \| 4 \| 74 72 7 O X O \| X O \| 72 70-----X O X O --+-X O --------X +-------------------------------70 65 X 9 A \| 3 O<--This reversal down from above 70% told us 66 6 O \| X O there was major risk in the market. 66 64 X O \| X 5 X C 1 O X 64 62 X O \| X O B O X O X 7 O 62 60 O X ----O --+-X O --------X O X O X O 6 O ------------------60 58 O X O \| X O X O O 5 O X O 58 56 2 X O \| X O X \| 2 X O X O 56 54 3 X O X \| X O X \| O X O O X 54 52 O X O C O X 6 X \| O X O X O 52 50---O X ----O B O X O X ------X +---O X ----8 ----X <--Buy signal. 48 O X O X O 2 O X O X \| O X O X X C 48 46 4 5 O X O X O 7 O X \| O 4 O X O X O <--Current 44 O X O 1 X O X O X \| O X O X O B reversal down. 42 O X O O X O X \| O X O 9 X low level. 40---O ----------+---O --O ----X +---O ----------O X ------------40 38 \| O X \| O X 38 36 \| 8 X X \| A <--We aren't that 34 \| O X O X \| far off the bottom 32 \| O X O X \| set in October. 30---------------+-------O X A X +-------------------------------30 28 \| O X O X \| 28 26 \| O X O X \| 26 21 \| O X O X \| 24 22 \| O X O X \| 22 20---------------+-------O X O X +-------------------------------20 18 \| O X O \| 18 16 \| O 9 <--reversal back up in Sep '98 giving 14 \| O X us the "get up and go!" signal. 11 One of the lowest O X We often say "hunt for pennies in the 10 levels ever --------->O couch to invest at this point.