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

To: Stoctrash who wrote (6321)	9/19/2000 6:53:30 PM
From: Patrick Slevin	Respond to of 7434

You know, I think people just automatically jump on the 200 dma as support and sometimes that really works but this time I think it's a false hope. Perhaps 1420ish may find support. I dunno, I have not thought about it much yet .... perhaps by the end of the night I'll decide to back off and wait. It's dropped pretty far. I guess I have no opinion. I'm Short but been around long enough to know better than to presume the end is nigh. Of course, if the End is indeed Nigh neither you nor I are going to make up for the loss in our long term positions real soon. I would like to think the end is no more than 1420ish on the Cash at this point. Actually, it's something of a reach to anticipate that low but that's my hunch at the outside.