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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 (5428)6/20/2000 9:24:00 AM
From: Gersh Avery  Respond to of 7434
 
Slight flight to quality



To: Jerry Olson who wrote (5428)6/20/2000 9:28:00 AM
From: Gersh Avery  Respond to of 7434
 
Oil is down a little.

Eyes are still on OPEC and not the North Sea. .. yet.



To: Jerry Olson who wrote (5428)6/20/2000 9:41:00 AM
From: Gersh Avery  Respond to of 7434
 
futures and cash have reached a equlibrium of sorts now ..



To: Jerry Olson who wrote (5428)6/20/2000 10:41:00 AM
From: Gersh Avery  Respond to of 7434
 
patterns are fleshing out simular to yesterday.

simular but not the same.

big red flag for me is the up-correct-up pattern with the 10:30 turn time very early again. However it was so early that the 10:30 time may have shifted to a top now .. a 10:30 top time is a down day pattern.



To: Jerry Olson who wrote (5428)6/20/2000 11:17:00 AM
From: Gersh Avery  Read Replies (1) | Respond to of 7434
 
Well OJ ..

I've got pre open patterns that say down day. 10:30 top time that says down day. Liquidity heading toward bonds saying down day. Bad oil news that says down day.

On the other hand there is the u-c-u pattern which suggests a up day. Of course you're watching the NAZ and saying "what's he talking about??"<g>

Overall mixed to down day.

I've got to step out for the rest of today. I lightened up on my short over on the Players Club but left a trap line of limit sells in place, expecting the possibility of the u-c-u spike later in the day.