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

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To: Ms. X who wrote (1019)10/14/1999 12:27:00 AM
From: Jorj X Mckie  Read Replies (1) of 9427
 
Of course I love you anyway. Besides, we still have 2 days until the 15th:-) If we get to 1220 on the SPX betwixt no and then, I'll be buying right alongside ya!!!

I think that your observation that the whole damn market trades like an internet stock is very relevant. The volatility has caused me to pay attention to major support and resistance levels and discount the minor levels. I watched the SPX on the 5pt chart, but I prefer the 10, 15 and 20pt charts...and I watch them all, and they can be used very effectively.

It may take a couple of years for the market to get used to the individual investors having such immediate access to trading. Until then, I predict the pendulum to swing pretty wildly.
JXM
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