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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 (2437)	1/7/2000 8:29:00 AM
From: Matthew L. Jones	Read Replies (2) \| Respond to of 7434

Not by my read. In fact the upward breakout of the old down sloping stochastic channel and the channel was formed going up starting around 7-8 PM. This trend likewise ended about 5AM (possibly). Looks like we are in another downward stochastic channel. CNBC said fair value is at 13.2 with the futures hanging between +10-12. I wouldn't be surprised if the pop from the number does not give us a sell, agreeing with your call. I'd be surprised if there were a lot of commitments to this market prior to next week (Monday afternoon or Tuesday). We still have more downside to go by my read. Matt