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Non-Tech : Dorsey Wright & Associates. Point and Figure -- Ignore unavailable to you. Want to Upgrade?

To: Doppler who wrote (5828)	2/2/2000 12:41:00 PM
From: Ms. X	Read Replies (1) \| Respond to of 9427

Depends on the stop in a way. If you have a hard stop it sells at the stop point. If you have a mental stop one would think a plan was made ahead of time to either sell at that point or sell on a rally up. A stop can be hard and absolute or it can be a warning to sell on a rally...or if you have a soft stop and it keeps selling you may decide to dump it. You also have to take in consideration of the overall chart format. If it has support lower than your stop to bounce off of etc. Right now the market has provided rallies. If a stop point was hit and the stock rallied without making a new high I'd take the rally as an exit and be done with it.

To: Doppler who wrote (5828)	2/2/2000 6:34:00 PM
From: Mr. BSL	Read Replies (1) \| Respond to of 9427

Anyone- I just finished Tom's book and didn't see this issue addressed which puts me in a quandry. When acting on stops do I wait until tomorrow and the end of the day price from today, just in case this is a brief penetration ? Do I sell now because it has broken my stop ?, or do I wait until right before the close today and see if it is going to print past my stop ?. Thanks. Jeff Hi Jeff. Since you asked, IMHO you are measuring it with a micrometer, marking it with a piece of chalk and cutting it with an ax! Using stops takes the emotion out of decisions. Any price action in the area of a stop is a good reason to sell. Sometimes you win and sometimes you lose but the only certainty in investing is that there are always more trains ready to leave the station. Regards, Dick