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


To: Patrick Slevin who wrote (5009)6/6/2000 1:11:00 PM
From: Chip McVickar  Read Replies (1) | Respond to of 7434
 
Geezum Crow.....!

I'd never looked at the charts...!

Wow a whole new area that has never been open before...!
I've just been following the times.

So those charts represent the graphic patterns for the day.

You have to figure out which pattern becomes active and I suppose the day could switch from one to the other depending on the events and flow of the days markets.

>>71.50 was an early High so we wanted to see that broken mid-morning, mid day to maintain the "shape" of the pattern. Else, because 71.50 hit so early (10:05 Eastern) the pattern may have slipped into one of his down patterns if a new High wasn't created.<<

Okay..., now I can see that 12:00 was an important pivot time to determine which cahrt pattern was going to dominate.

Also, I can see that 1:00 today is important to determine the strength of todays move.

I can see that spending time in one of his workshops would be well worth the time and money if these daily patterns make any sense...?

Out of Sight



To: Patrick Slevin who wrote (5009)6/6/2000 1:25:00 PM
From: Chip McVickar  Read Replies (1) | Respond to of 7434
 
Crunch Time Right here at 1470 and 1:30

Upper fork tine that's been dominant

We're going higher they touched the uppeer gap boundary at 1460.23 for a "True Gap Closing"



To: Patrick Slevin who wrote (5009)6/6/2000 1:37:00 PM
From: Chip McVickar  Read Replies (1) | Respond to of 7434
 
Two sell times at 1:25 and 1:30 held up beautifully

Off We Go

Market broke above the upper tine it's been following down for 2 days.... Markets will now see 1490ñ

But we've gotta hold above 1470ñ....