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Non-Tech : Dorsey Wright & Associates. Point and Figure
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To: Tommy Dorsey who wrote (722)10/6/1999 11:23:00 AM
From: papi riqui  Read Replies (2) of 9427
 
Tom,
As you have noted in the past, reading a PnF chart is sometimes as much an art as it is a science.

Take the case of OAKT, for example. It appears to have substantially satisfied the elements of a shakeout pattern with yesterday's reversal into Xs following a DT/DB sell signal. The DWA chart does not indicate, however, that a shakeout has occurred. I would appreciate your "artistic" analysis of why the shakeout pattern does not apply here.

Thanks,
pr
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