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

To: Matthew L. Jones who wrote (2391)	1/5/2000 6:46:00 PM
From: Patrick Slevin	Respond to of 7434

I see what you are driving at. We used to use Fib retracement calculations quite a lot. But there would be fib within fib if you follow that, for daytrading purposes. I don't type quickly so I don't do it anymore. But we had formulae set up so that retracements could be divined using derivatives of fib ratios inside of fib ratios. So your External Fib lines are derived from that large drop, the bounce, then your internal derivatives would start. I think Fib is a very interesting issue but I also think there is more there. I wish I could type faster, it works within itself if you follow that logic. Good stuff to know for a scalp trader. I have to look more closely at all these numbers once I get home later to see what you are looking at. That concept of the floor driving through a fib retrace number isn't my observation by the way, I was shown that by an ex-pit trader from Boca Raton. It does seem to pan out quite a lot. When I'm trading well I "see" things like that. Thanks for mentioning it, because it escaped me completely today.

To: Matthew L. Jones who wrote (2391)	1/6/2000 1:01:00 AM
From: Patrick Slevin	Respond to of 7434

Mea Culpa, Mea Culpa, Mea Maxima Culpa. I know tomorrow may just be a slam.....but at 1401 on Globex I had to do it. I bought. Forgive me Father for I have sinned. For a little while, anyway. This Night-Trading is actually rather Kool. Next tea-party you are having in the Black Mountains for the QCharts crew let me know so I can send some spritzers. EDIT 1399. Well, perhaps I'll send club soda.