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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Vitas who wrote (16089)	6/5/1999 1:49:00 AM
From: Vitas	Read Replies (1) \| Respond to of 99985

OK, IBM closed at 115 3/4 by 116 1/16. And we know there are a bunch of cowboys out there that want to "trade" 24 hours a day. My market is 115 1/4 by 116 9/16. Any takers? V

To: Vitas who wrote (16089)	6/5/1999 2:15:00 AM
From: Berney	Respond to of 99985

Vitas, You sure got that right!!! I've used physical stops in the past and never, never will in the future. I had a friend call me after Jan 13th this year. He had, what I considered reasonable stops in place. Almost his entire portfolio got obliterated in a non-event. He told me that when he came back from a meeting, and saw the damage, he just wanted to cry. Clearly, it is a tough game in which we choose to play. However, I do try to enforce the discipline of using mental pivot points. Berney