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TODAY IN HISTORY

    FLUORIDATION
    January 25, 1945 - Grand Rapids, Mich. U.S.A.

    Grand Rapids, Mich., became the first U.S. city to begin fluoridating the drinking water. With the intention of reducing tooth decay, one part per million of fluoride was added to the water supply. Fluorine is the 13th most abundant element on earth, found in nature in its ionic form - fluoride - in combination with other elements, such as calcium, magnesium, phosphates etc. This fluoride is present in small yet varying amounts in almost all soils, water supplies, plants, and animals and, therefore, is a normal constituent of all diets. In mammals, the highest concentrations are found in the bones and teeth. Decades after the conclusion of the Grand Rapids fluoridation study, fluoride continues to be dental science's main weapon in the battle against tooth decay.

    FRENCH SOLAR POWER PLANT
    January 25, 1977 - Odeillo in the Pyranees of southwestern France

    France inaugurated its first operational solar generating plant at Odeillo in the Pyranees of southwestern France. Its output of 64 kilowatts (sufficient to power about 1,000 60-watt light bulbs), was connected to the national electricity grid to demonstrate operational solar power. The plant was part of the huge solar furnace project run by the National Center for Scientific Research. The site was built for high-temperature research using an eight-story parabolic mirror to refocus sunlight from an extensive field of mirrors on a hillside in front of it, with 63 moveable mirror arrays designed to follow the motion of the sun. The electricity was generated by a turbo-alternator driven by steam from a boiler at the focus of the reflected sunlight. Alignment of the mirrors began in May 1969.

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Whipsaws In The Market :

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ARTICLE INFORMATION :

A whipsaw is a representation of profit-taking going on in the market.

ARTICLE CONTENT :

One of the factors to consider when trading with stop-losses is whipsaws. Whipsaw is the name given to the tiny and regular market movements during trends. For example, when a share is in an overall bull trend, it will periodically turn over and fall in price for a couple of days, before resuming it's general upwards trend. This is a whipsaw. A whipsaw is a representation of profit-taking going on in the market.

People who have made a good profit on the share after it has had a strong rally up are now selling to realise that profit. Their selling pressure temporarily halts the upward bull trend. The market absorbs these sellers with an abundance of buyers and then the share continues its bull run. Whipsaws exist in bear markets too. One of the threats of using stop losses is the risk of being; Whipsawed-out; of the market.

If the whipsaw is greater than your stop loss, then you may end up selling before the share reaches its actual peak. This is just one of the realities of share trading. It will definitely happen to you. It happens to the best of us. All you can do is to develop a series of selling strategies to complement your stop loss. Serious traders have been known to use up to and over 5 different selling indicators on each trade. All indicators must be positive before they will sell the share. Even then, it only improves their trading, it doesn't make it 100% reliable. For most people, though, just using a stop loss will go a long way to improving their trading results.

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