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To: Bazmataz who wrote (10842)2/6/1998 10:31:00 AM
From: Ms. X  Read Replies (1) | Respond to of 95453
 
Barry,
No problem about the questions, keep 'em comin'
Short term stop on GLM is 21, long term 18. A normal reversal down at this point will put it at 22 a double bottom. I'm not giving it much room since it is still below its bearish resistance line.
Stops are placed at points where the stock would break a double + bottom or the bullish support line. If trading above bullish support line more latitude is given depending on your investment strategies. Everyone sets their own risk level. That is what is nice about P&F, easy to read so you can set your risk level.

Jan



To: Bazmataz who wrote (10842)2/6/1998 10:36:00 AM
From: The Perfect Hedge  Respond to of 95453
 
Oil up .18--
GD