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<DIV><FONT size=2>Although it is common practice for many individuals to size up
a trade and then set their stop loss to a fixed percentage, I cannot understand
for the life of me how 3x ATR would be a good idea. Is this for a long
term position trade. If so, wouldn't the price action tell you to exit the
trade far in advance of the 3x ATR. That would correlate to a stop
somewhere in the vicinity of 1265. Obviously if the sp broke 1300 I would
be concerned as a long term position trader.</FONT></DIV>
<DIV><FONT size=2></FONT> </DIV>
<DIV><FONT size=2>Pete</FONT></DIV></BODY></HTML>
</x-html>From ???@??? Wed May 19 09:24:41 1999
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Subject: Re: sp500
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by the cycles June 2nd would be your last chance to do it & go short till
6/29 or 7/29 bottom
slawek
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