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

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To: Augustus Gloop who wrote (7914)5/15/2000 1:08:00 PM
From: Riskmgmt  Read Replies (1) of 9427
 
Gloop:
have always viewed this thread as an interactive help zone for new people. You can
get advice straight from the people who know this TA best.

Nobody is shamed into saying anything. If you read shame into any posts it's because
that poster went against the current indicators. This IS NOT a tradable market (nasdaq)
for most people. The advice currently on the table from DWA is to avoid most nasdaq
issues. The problem is people see what they perceive to be a great price on that
formerly hot tech stock and dive in without looking for buried damage in the chart.


OK. But judging by the responses, I think their are many that didn't see "the buried damage". Perhaps those that did posted it, per your first comment. If they did, it went unnoticed by more than just me.

Part of this service is advice. I have noticed when I don't follow it I eat crow. The advice
isn't right 100% of the time but they know that....and after all, what is?

,i> but I can say they
clearly said get out of the nasdaq in March.


Can you point me to this?

. However, to take a
kill the messenger mentality because the market is impossible to predict is erroneous.
This system was never intended to be a short term hit and run system. It is a discipline
that if followed will provide you better long term odds of doing well in your investments.


Whoa... Hold on there. Who said anything about killing the messenger. This type of comment is what I would expect from a cult following and is why I sent my observations by PM. As was requested by DWA I only posted publicly because I think truth is what counts and I was asked to "air it out". Far from killing the messenger, I am saying what message?

regards,

Ray
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