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Strategies & Market Trends : Harmonic Trading with The Phoenix -- Ignore unavailable to you. Want to Upgrade?


To: the-phoenix who wrote (337)1/30/2003 1:41:40 AM
From: mishedlo  Read Replies (1) | Respond to of 941
 
The reason I am asking is that I have the trade in reverse.
I have two foreign bond funds that benefit when the $ is falling.

I almost closed them out at $DXC of 100.50 or so, but now I have an easier stop my way of anything under that.

At 97.5 it might be a good idea to exit hoping for a retest of 100, and even it it gets to 103 then I will have not given up anything relatively and can be convenient placed for the move back down.

Right now I just want to see a close below 99. That will make me happier. 98.50 close should indeed invalidate the pattern I would think.

Thanks.

M