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

To: Jerry Olson who wrote (4425)	4/14/2000 12:58:00 PM
From: Patrick Slevin	Read Replies (1) \| Respond to of 7434

Look at that, it hit 1393.50 The hell with the damn Vertical Count, Horizontal Rulz! I honestly don't like a rally late....at least not a significant rally. Significant being up to 1440 or whatever. Supports I have are wide around here, 1358/61.4 area should be a stopper. Closer Supports may be at 77 and 94/95 (Hi Ike) and below 58/61.4 is 45 but I think even a hard drop will hold around 59/61.4 The highest I might expect it to Rally would be perhaps 1430, 1433. But I would not bet that way.....too much Risk. I do have a Stop currently around that area on my Short however. (Don't tell the Floor that, you know how those guys are).