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To: David who wrote (507)	4/17/2000 10:41:00 PM
From: Patrick Slevin	Read Replies (2) \| Respond to of 797

Depends on which system you mean, the original one is Long on the Close today at 1401.44 on the SPX. The SP0M Daily is stopped out on the trailer, but it made over a hundred points before it was taken out. The second SP0M Daily, the DSP0M, is Short still from 1496.80 The two Intraday ones are both Long. <Let's see how far this bounce get go. > I do not trust the bounce so the systems have been ignored, I'm not Long nor am I Short. I wish to see how the market acts early and perhaps then take it Short once again. I can see a lot of technical indications why the market should be Long at this point. At the same time I don't think it's quite ready to move strongly that way as yet so if it does I shall miss part of it. I would rather be prepared for the Short and be disappointed than hang my hat on the Long and possibly be broke. Not taking a position is something like taking a position, in some respects. If it looks as if it shall move higher then perhaps I'll get with the program but there does not appear to be any hurry at this point.