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In reading texts dealing with trading models that thrived in the 70's style market, I see numerous references to Dunn and Hargitt research. I find the notes to their studeis both interesting and relevant to today's market as we see the potential for similar markets ahead. Any one else out there...

My two cents...never average down....don't add to losing positions....sure, you miss some opportunities, but better to honor your original stop loss points, exit the trade completely, then reload on a rational pullback. Risk management is the key to profits! David