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

To: peter n matzke who wrote (6692)	3/20/2001 12:56:59 PM
From: Patrick Slevin	Respond to of 7434

I did not like the action, took it off. Perhaps if it drops low enough or breaks through the 92, 94 area I'll enter again. As for FOMC, I don't know. Depends on if I am in and if I have a cushion. I sense that it will drop afterwards....the patterns don't support a move higher into the Close. That does not mean that it shall not happen, just that the odds are against it. On the other hand, if I am flat and sense a shake and bake I may go in on the Chaos afterwards. I'm going to rely on instinct, pretty much. I'm playing the back of the sheet and will be protecting though. I guess the short answer is that I do not know yet.