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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 (5926)7/18/2000 7:18:28 AM
From: Patrick Slevin  Read Replies (1) | Respond to of 7434
 
I had an order in all night to take it at 1519.50; Stop at 1510.

Came close but no cigar.

The CPI really throws a wrench into it. I believe no matter what happens in the morning the afternoon runs up. It probably does most of the damage or run higher on the Report, then fiddles around after the Open and drops for an hour. If I'm not Long by then I would like to get Long there I think and look for SPX 1523, 1525---Cash.

I've been looking for 1525 for a week. I have to be right sooner or later, no?



To: Jerry Olson who wrote (5926)7/18/2000 7:21:25 AM
From: Patrick Slevin  Read Replies (1) | Respond to of 7434
 
Recall, as well, there is an old Gap up to 1540ish on the SP0U. Having an SPX Close above 1510 sets a springboard for it, I'm guessing.