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Strategies & Market Trends : Systems, Strategies and Resources for Trading Futures

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To: Teresa Lo who wrote (18016)	3/9/1999 9:13:00 AM
From: Patrick Slevin	Read Replies (1) of 44573

A lot of professionals are looking at the SPX/OEX closes as confirmation of the DJIA Close on Friday so I imagine the path of least resistance is generally up. I somewhat agree on position trading. Unless you get a nice entry at the bottom of a range and get lucky on a breakout it's rather frustrating to see it rise (in the case of a Long) and then cut back on you. I know of a few people that were psychologically pounded over the last couple of months. GroundZ gets some nice entries and so a cutback never creates a loser for him. But I would hypothesize that those trades are the exception and not the rule.

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