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

To: Gersh Avery who wrote (5054)	6/6/2000 4:55:00 PM
From: Chip McVickar	Respond to of 7434

Well..., the way that upper tine broke the run up suggests a lower to flat day tomorrow. But Today was a TP from way back 10/18/99 on the DJIA, so todays action was positive, because that type of TP can result in a very strong move. No economic news out tomorrow, so unless something breaths life into the buyers...the sellers and that lower gap at 1448.11 spx looks easier then going up. Also there is a lower tine in that area off a daily fork from 4/24-low. Nice Call Today...I missed it...and should have gone short. Mind set was wrong..! Chip

To: Gersh Avery who wrote (5054)	6/7/2000 12:40:00 AM
From: Patrick Slevin	Read Replies (1) \| Respond to of 7434

<supposed to mean a probable up day tomorrow?> Not necessarily. Just that it's possible that was the beginning of the move to Point 8 of the 10 point Cycle. Point 8 could be a shallow move then a steep drop to Point 9 then a shallow move to Point 10, creating essentially a one way down day. In this particular system, the Cycle Day in question is always...or at least always seems to be...a screwball day. It's the tail end of the Cycle. I think the E-Wavers call the 4th Wave a difficult one to get a feel for. Such is the case with the Cycle Day that encompasses the 8, 9, 10 Points of the Cycle.