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To: jjs_ynot who wrote (41156)4/24/1998 2:32:00 PM
From: Patrick Slevin  Respond to of 58727
 
The formula is used, pretty much, for long term traders with respect to position trades.

If the market closes below the stop....you should be short. Vice versa on closing above the stop.

Again. I don't find it to be consistent on intraday trades.