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Joe Stocks

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Re: ajtj99 post# 41994

Tuesday, 11/05/2002 8:15:41 AM

Tuesday, November 05, 2002 8:15:41 AM

Post# of 704019
>>Anytime we get above Monday's close, IMO. It's a good place for stops if you're short.<<

With the elections and rate thoughts for tomorrow we could be in for a fair amount of volatility. IMO setting stops so tight on a day like today almost quarantees being whipsawed out of short positions. Today, short holders need to trade with a little more conviction in their position if they are trading this market. On the nas, a move above 1400 would have me looking to cover and move above 1404-1405 would have me pulling the trigger for very short term plays.

What is your opinion on stops for long positions?

Joe


Joe

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