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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 (3747)	3/3/2000 12:44:00 PM
From: Sharise Brown	Read Replies (1) \| Respond to of 7434

Great Article. However, McLaren on his 2/29 report seems to waver on the whole March 16th crash prediction: 02-29-00 S&P 500 Low is in, Price did a false break down to 5/8th of the range but much more important it hit 50% of the previous range. Unfortunetly, the market trended down into this low rather than a sideways distribution pattern. The possibility of a crash is still there, but it is not as high a probability as before a completed wave structure appeared. Three days up into Wednesday for a top doesn't look right considering we have a completed wave structure behind us. There are some stocks with the first and second of March, but most show 8th through the 13th. So if this is a counter trend it may move sideways after the 2nd in a small distribution pattern while the rest of the stocks rotate into highs. Again, that is a probability just as the high on Wednesday is a probability and right now I?m not sure which is higher. So it is now day to day to prove the 135 cycle. But the pattern necessary for the crash cycle is now in doubt.