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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 (4540)	4/28/2000 12:32:00 PM
From: Patrick Slevin	Read Replies (2) \| Respond to of 7434

I'm a bit miffed, because I wanted to add some e-mini's to the trade when it was around 67 and take off the SPs if it broke 60 But it appears Leo is being affected by a GTE outage, so instead of calling the order into the desk I went around and around with Tech Support and then finally just threw LeoWeb up on another machine with a standard ISP and by then it had broken through 1460 By the way, I'm told the pits are thin and getting thinner. As the summer comes on us look for Friday afternoons to get wider and more unpredictable swings. Possibly the best reason to be less than aggressive at that time. A Reverse is merely Buying (Selling) back two for every one that you are Short (Long). You may hear or read people saying that they have in a SAR. Welles Wilder Shorthand for "Stop and Reverse". Because my Short is from up in the 80s my SAR will be somewhat higher than just a few points, but I haven't decided where just yet. Have a good weekend as well, see you Monday perhaps.