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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 (5221)	6/9/2000 11:26:00 AM
From: Patrick Slevin	Respond to of 7434

When I look at the patterns I don't include Globex. I've been trying different manners or techniques to incorporate it. At this point, I only really consider Globex High and Globex Low. The 1500 level is a natural barrier. Not only a multiple of 100 but a multiple of 500. Markets always get funky around numbers like that. How many years was CNBC on the air, with their Dow 10,000 countdown? I think even their reporters were getting tired of it. If I recall correctly, it took the DJIA over ten years to crack 1,000 after approaching it circa 1970, for example. That would have been a heck of a CNBC series.... Dow 1000 Watch!! The 4,000th day, tune in at 4 PM just in case!!!