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To: gbh who wrote (45582)4/28/1998 2:30:00 PM
From: Riskmgmt  Respond to of 61433
 
Pete, hows that support look at 40?

Supports always look good until they are taken out. But so far $40 has held strong. The question is, if the market sells off in the late afternoon, will it hold?

Sorry, I know you didn't address your question to me, just some thoughts.

Ray



To: gbh who wrote (45582)4/28/1998 4:24:00 PM
From: username  Read Replies (1) | Respond to of 61433
 
gbh, I'm sorry I didn't get back to you earlier. I am really busy and I only have a few minutes at lunch to post. I look at it this way: support at 38-39 area, so entry at 40 for example would have a downside risk of about a point or two. My charts don't look like most others, I don't use horizontal lines. Plus, I can't watch a screen all day.

Your gut feel is your best weapon, I believe! I trust my gut feel over any chart.

thanks, pete


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