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Jim wrote:
Wouldn't it be easier to use it horizontally as a conventional loop to
eliminate the ground and take advantage of the peak/null characteristics?


Ah, yes. One of the responses I expected.

The null from a loop is very sharp, and is good for nulling out an
interfering signal, but what about improving the S/N of the desired signal?

My idea, was to use it in combination with a 'conventional' loop. This will
produce a 'one sided' pattern reducing the noise by as much as 3 dB. This is
typically called a sense antenna.

Jim