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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 (5535)	6/27/2000 9:26:00 AM
From: Gersh Avery	Read Replies (1) \| Respond to of 7434

I'm thinking that a large percentage of movement that results from what the FOMC does may well take place at 8:30AM tommorrow with fresh employment data.

To: Patrick Slevin who wrote (5535)	6/27/2000 11:26:00 AM
From: Gersh Avery	Read Replies (1) \| Respond to of 7434

I estimate (rough by eyeball) that the reverse flip method can raise the net entry of a short by about 3 points per day on average. This requires the 10:30 spike down: #reply-13951728 A close stop: #reply-13951783 And then a tight trailing stop once the move up starts: #reply-13951868 I say an average of 3 points because: 1. the 10:30 spike doesn't show up every day. 2. there will be some days that the close stop at the start is taken out. 3. there will be days when the 10:30 bottom will be a part of the up-correct-up pattern that would result in much larger gains for that day. These would be part of the net short monthly stand.