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Strategies & Market Trends : Complacency Indexes
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To: Monty Lenard who wrote (1000)4/25/2002 10:06:14 AM
From: Bocor   of 1487
 
shorting new highs can be fraught with risk IF stops are not used. However, when one has a belief that an index has a particularly long way to fall, and sees it leaning over the cliff without a safety net, well, then shorting a new high within that index is a decent risk-reward since the gravitational pull will affect them all!
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