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


To: SE who wrote (3642)2/21/2000 2:56:00 PM
From: Gary E  Respond to of 7434
 
Scott,

Take a look at a monthly chart of the SPX,
Does it look like a ski slope ....



To: SE who wrote (3642)2/21/2000 3:01:00 PM
From: Patrick Slevin  Read Replies (1) | Respond to of 7434
 
Interesting.

<Portfolio managers that I know are under huge pressure to get rid of lagging blue-chip stocks and buy shit.>

Erudite Mo-Fo, is he not?

Interesting because a lot of Cycles hit on March 15th and especially March 18th, a Saturday. If I'm Short it could very well be a foine Saint Paddy's Day. I won't even watch the NCAA's, I'll just bet using a dartboard.

Haven't spoken with Hank, I'll have to ask him. He is a Cycle-nut, he'll have an opinion.

One Cycle McMillan told those of us in a seminar some 5 or 6 years ago has to do with the number of days after a DJIA High. I think the number was 57 days.

Lessee......been a heck of a lot longer than that. Transports look like Death however.

The Gann stuff, if I recall correctly, uses Time as a facet quite religiously so it makes sense that this fellow would try to lock in the exact day. Something to keep in mind, I would think.

Okay, I talked myself into it. I'll copy the post and send it down to Hank and see what he thinks.