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

To: fut_trade who wrote (4458)	4/14/2000 10:26:00 PM
From: Patrick Slevin	Respond to of 7434

It was similar in many ways, not just U/D Analysis. August 31 showed a 5 day retreat in the SP of 12.73%, today's drop nets a 10.56% retreat. The Pattern flows and drop times are similar. August 31 showed the tail end of a Dow Capitulation though, it was the 4th day of triple digit declines in the DJIA. Also it was a Monday, which may have been weak in part due to protracted weakness on Friday. By that I mean, a week earlier the SP8U was at 1093 and the SP by Friday was at 1031. So it continued to spill over into Monday before it righted itself. (the Close on Monday was 954). So I dunno. I thought the Market would come up off the 1360 area, I did not expect it to decline all the way into the 1340s. But I have a hunch you may be correct, but possibly a day early. Heck, I'm thinking about going Flat Sunday night anyway.