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: Ms. X who wrote (962)	10/13/1999 12:39:00 AM
From: Ms. X	Read Replies (3) of 9427

Even with today's move down the buy and sell signal totals today were dead even. The OPTI is unchanged, no up, no down. The pullback in the DJIA was perfectly normal pulling down at this point to its last area of resistance (triple top at 10400). Support is down at 10100 to 10200. Looks fine. The Naz also had quite the normal pullback with support down at 2830. Interest rate worries in the press. On the PnF front the DJBB is still in over sold territory, no reversal up yet but it isn't getting any weaker either. All in all, a nothing day. For those that have a list of stocks to trade, today may have provided the pullback you were waiting for. The short term 10 week and High Low are in X's so short term trades, with stops, are in play. Keep watch, find the good stocks and take advantage of the pullbacks. I wasn't surprised by today's pullback. It was time. Now we see what the charts want to do. If the OPTI reverses up and the Dow bases without breaking any more bottoms we can feel good about our short term possibilities. If the NYSE BP reverses, even better (not close at this writing).

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