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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 (4609)	5/23/2000 8:05:00 AM
From: Jorj X Mckie	Read Replies (2) \| Respond to of 7434

Juiceman!!! I am still using the OPTI as a contrary contrary indicator. It just went negative. I think that we are clear for a couple of days at least... I bought back some calls that I sold yesterday and filled up on longs yesterday. I will slowly bleed the longs off starting today (assuming a rally). From my rudimentary FA skills, I believe that some key techs are decent buys right now. I plan to be flat when we get close to 3600 on the naz.

To: Jerry Olson who wrote (4609)	5/23/2000 8:25:00 AM
From: Patrick Slevin	Read Replies (1) \| Respond to of 7434

I've used an Exponential MA, a Simple MA, and I think one or two others but I cannot place a M MA. Do you mean EMA? Scoot was talking about an EMA some time back. I think it was a 20 EMA on a 5 minute chart. If I used another MA on any of my charts I don't think I could see the price bars any longer. I have a plan to position Sell the NASD around 3500. I suppose I could Buy to Sell, but that would take too much of a mental effort. I've been trying to Sell the ND0M for so long that the concept of Buying it first is too much for the brain to handle without overloading the cooling system. Except for the ranges in the 40s I have simple resistance around 20/22 and 34, 38. 1414 looks a bit like R as well. I tend to think the morning at least will be one of those scrambling rally days. I suppose I base it on gut feel more than anything else. Tom Trader I have not heard from. I've been busy, though, and so I haven't exactly been lurking in his neighborhoods so I don't know what he's up to.