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

To: SE who wrote (3506)2/10/2000 9:32:00 AM
From: Patrick Slevin  Respond to of 7434
 
I've been keeping an eye on the Weekly Charts; I was of a mind that, although they seemed very overbought a week or two ago that it worked off a lot of that condition.

It's close to the Open, else I would doublecheck.



To: SE who wrote (3506)2/10/2000 9:41:00 AM
From: Patrick Slevin  Respond to of 7434
 
Yeah, looking at the SPX I find similar dates.

So my method is perhaps similar. So, moving that method backwards in time a similar condition existed in early December 1998. The SPX went from a Low of 1137 to a High of 1376 before retracing down to 1277 then moving to new Highs once again.

Throw a Stochastic on the SPX Weekly and you'll see what I mean.


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