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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 (2172)12/23/1999 9:45:00 AM
From: SE  Read Replies (1) | Respond to of 7434
 
Yes, I noticed that, but was just saying to another that shorting here is shorting into a firestorm. I think I will await the pullback and re-test and failure to get skinny.

Heck, I don't need much to make me happy anyway, so why add the risk of a runaway......

EDIT - Noticing the TRIN today. Seems to me that when the TRIN starts here we are set up for one of two things....either straight up all day or straight down all day. Is today a one way street? If so, which are the odds on....up or down?



To: Patrick Slevin who wrote (2172)12/23/1999 9:51:00 AM
From: SE  Read Replies (1) | Respond to of 7434
 
Heck, I got the one minute ADX at 67. That is very extended......you should be OK...just a question of what you have to sit through.