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Strategies & Market Trends : MDA - Market Direction Analysis

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Nov 21 4:00 PM EST

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To: bobby beara who wrote (29267)	10/12/1999 10:04:00 PM
From: LTK007	Read Replies (2) of 99985

<<patience will be a virtue and leverage might not be your friend.>> I have been trying to pin down the meaning of leverage--I had come to understand it of having plenty of cash behind you as you enter "a play". So on your use of the word leverage,I then take it to mean that if one were to go partially in with each dip he would see he has averaged down into a big hole,with a long way to get out. Is my sense of leverage erroneous? Always seeking to make myself a "know it all" by asking questions of those who do know:) Max

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