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Strategies & Market Trends : Point and Figure Charting -- Ignore unavailable to you. Want to Upgrade?

To: Mr. BSL who wrote (3996)6/22/1998 11:39:00 AM
From: Ms. X  Read Replies (2) | Respond to of 34809
 
Barbara and Duke,

About the close stop question.
If you have a stock that has been on a tear, the stops are hard to
use because they are so far off. By the time it hits the stop point,
you could be off 20 %.

Example:
Has run up 15 boxes or so. If you enter here, your stop is 16+ boxes
away. By then you have lost a lot of money.

X
X
X
X
X
X
X
X
O X
O X
O X
O X
O X
O X
O X
O X
O

If you wait for the reversal down and then the reversal back up. It
sets a closer stop.

X
X O
X O
X O
X O X <--Enter position here.
X O X ?
X O X ?
X O ?
O X ? <--Stop point here.
O X
O X
O X
O X
O X
O X
O X
O

Now your stop is only 4 boxes instead of 16+ boxes.
I hope this was what you were asking about.
Sorry, if not :-)

Jan I am


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