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Strategies & Market Trends : Point and Figure Charting

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To: Paul V. who wrote (23439)	9/1/1999 9:24:00 AM
From: Tommy Dorsey	Read Replies (4) of 34811

Paul here is something interesting for the thread. I was called by CNBC yesterday to take the negative side of a converstation between a fundamentalist and myself on Disney. The fundamentalist was bullish and they wanted to have someone on the opposite side. I was happy to do it but they weren't sure how it would go with a fundo and a tech together. They eventually decided to have a positive and negative fundo go at each other. What the call did do was to have us look at the long term trend lines of DIS and KO. We found that the trend lines had been held since early 1980 through most of this year, 1999, About 18 years. They had been the leaders of the market. This year they broker those trend lines which suggest to us that the leaders and brand names of the last 40 years are no longer the brand names and leaders of the new millenium. The New stocks are the Dell's, Sunw's, Csco's etc. When it comes to brokerage, Merrill was the brand name for the last 50 years. It is no longer the brand name for brokerage, the new millenium will see companies like E-Trade as the brand names. It would have been a good segment if I could have put this perspective on the debate it might have opened some eyes. Tom

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