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To: R.C.L. who wrote (1221)11/8/1997 11:20:00 AM
From: Marlin C. Harmon  Read Replies (1) | Respond to of 4356
 
RC,

In establishing the trend the closing transaction is more indicative than the closing bid. However, in establishing your trading strategy the closing bid is very important in determining where you place your stops and how wide they should be if you intend to trade within the range or to trade the trend.

Just a thought,

Marlin