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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives -- Ignore unavailable to you. Want to Upgrade?

To: Ontherise who wrote (34494)	7/3/2012 11:14:51 AM
From: GROUND ZERO™	Respond to of 220933

Good question... my plan is to hold it for a long time, but for a more near term stop loss, I think the only safe and logical place to put a stop is below yesterday's low... that may be far from here, but I would want to allow plenty of room for this market to move... my reasoning is that if this rally continues, then it should not trade below yesterday's low... so, that's the only logical place I can think of... but, that being said, I'm not using any stops at all, I plan to hold my positions for a long while... I'm long the DOW, SP, NASDAQ, Russell 2000, SOX, gold, and silver... and I added to each of these positions this morning when I posted my entry... GZ