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Strategies & Market Trends : Point and Figure Charting

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To: XOsDaWAY2GO who wrote (23271)	8/24/1999 11:56:00 AM
From: Tulvio Durand	of 34817

'Da book' says (pp 73,74, and paraphrased here): sell 1/3 after 30% gain; sell another 1/3 after 50% gain; hold remaining 1/3 until any of following occurs: (1) drops below BSL, (2) RS turns negative, (3) falls to price where 1st profit was taken. Easier said then done, in my experience. You need to set sell price targets (in addition to stop price) when you buy. Also other considerations, eg., holding period and capital gain taxes. Greed sometimes mitigates effectiveness of this method. :) Tulvio

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