[pcabc]

Another interesting Mark Minervini interview: http://www.minervini.com/traders_edge.pdf

Useful snippet, in part of the reply to How did you system perform i the recent bear market?

...However, in a whipsaw environment, the risk in using relatively tight stops is getting repeatedly stopped-out and suffering a  large loss as a result of a bunch of small losses.  We have seen big gains lately in the US stock mark...

This was what was getting me when I was only buying when market breadth was at the top.