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Strategies & Market Trends : P&S and STO Death Blow's
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To: orkrious who wrote (10379)10/11/2002 9:58:33 AM
From: Justa Werkenstiff  Read Replies (2) of 30712
 
Ork: Max pain can give guidance on the retrace on how it gets where it is going. It was real simple. At the local bottom, there was 100 points of downside and 100 points of upside but Max favored upside. So given those parameters, take an appropriate size position.

I added shorts here. I am between max pain so why not. I am profit protected by the money I made on the long side and short side in playing this dilly-dally market the past few weeks. And so I want to position for the downside which looks like it is in the cards as discussed here.
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