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Strategies & Market Trends : P&S and STO Death Blow's -- Ignore unavailable to you. Want to Upgrade?

To: TREND1 who wrote (19030)	12/9/2002 12:38:53 PM
From: ajtj99	Read Replies (1) \| Respond to of 30712

Larry, how can you have a hard stop loss on a double long position that closes at the EOD prices? I think I mentioned 1000 NDX and 1050, and that's where the decisions are made on that position. I'm hedged with puts currently also. For example, if we closed at NDX 1015 without hitting NDX 1000 or 1010 first, I would leave it open. If we hit 1010 or 1000 and bounce to 1050 and turn back, I'm out. If we bounce at 1020 NDX to 1060 and drop below 1050, I'm out. There are not too many instance when we drop 12% without re-tracing at least 38.2% of the drop.