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Strategies & Market Trends : SPARKY'S CORNER

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To: Dwane Houghtaling who wrote (3948)	1/30/1999 6:10:00 PM
From: Bruce A. Brotnov	Read Replies (2) of 4142

Dwane, seems like market makers play dirty pool sometimes. I don't know how many times I have seen a stock blow through support (normal place for sell stop, say 1/4 below) grab sell stops and then finish above support. I have seen the same thing with buy stops when I was working with Henry. He had a buy stop above resistance and the MM went through it, grabbed the buy (1/8 what was listed for day's high), and immediately pulled back for an instant loss. That is another reason I tend to use more "mental stops" and base decisions on the closing price. Bruce

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