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: Challo Jeregy who wrote (843)	10/8/1999 7:21:00 PM
From: Jorj X Mckie	Read Replies (1) of 9427

CJ, Look at the 10pt, 15pt and 20pt SPX charts. We can go to just short of 1340 on the chart and not break the downtrends. In July, I started talking about the y2k lockdowns affecting revenues. The official lockdowns on federally regulated institutions started on Oct 1. But in the real world I am seeing a slowdown in the September numbers. I think that the LU and IBM charts would reflect some of this as well. I think that some bad earning and revenue announcement will spook the tech sector. A short answer: Not quite, but pretty dang close.

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