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To: ViperChick Secret Agent 006.9 who wrote (10074)	12/3/1997 1:17:00 PM
From: Patrick Slevin	Read Replies (1) \| Respond to of 17305

As I say I don't trade off these points they are just areas to be aware of and to get an idea why there may be sudden moves stopping out shorts or longs. For example, if we presume that the SP7Z S1 point was valid at 970.90, we can see that at 11:48 EST that point was pierced. At 11:54....6 minutes elapsed time....SP7Z bounced off 967.70 just above S2. Someone unaware of the likely logic behind this move would perhaps be tempted to bail out of a long position....which of course is the reason why the move was so abrupt in the first place, to stop out the longs rapidly.