Dorsey Wright & Associates. Point and Figure Message Board

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Non-Tech : Dorsey Wright & Associates. Point and Figure

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To: Tommy Dorsey who wrote (7019)	3/31/2000 5:58:00 AM
From: Dave Shares	Read Replies (1) of 9427

I know that one should not try to read to much into charts, but I keep looking at the BPNYSE chart and then I look at the expanded chart at DWA and then I look at the book where the chart is posted back to 1954. I only see one other occasion (looks like the 1981-82 period) where the BP was down at this level and did not generate a buy signal on the second column of Xs off the bottom down at this level. The field position is good, it feels like 3rd and inches, but if the first down is not made here (reversal prior to buy signal) , well you know how the momentum can change in a game. BPOPTI has reversed back down, but that has been contrary the last couple of times. Guess I'm just being cautious here, missed opportunities do not cost as much as missing capital. Best wishes always, David

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