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

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To: Tommy Dorsey who wrote (1119)10/17/1999 8:48:00 PM
From: Jerry Olson  Read Replies (1) of 9427
 
Tommy

Don;t think so..not until after the CPI...the selloff was deep and hard last week...we're near support on several indexs and with better support slightly lower...

500/1000 point crashes usually happen after option exp week...as well, i've seen if the Fri of opp ex is UP, MON is down, and visa-versa...we could be sideways till Tues am...

not saying this is done...but because of the 600+++ points already slashed out of the market...we look very oversold short term here...

if this happens, it will happen next week...of course it would be great to just get it over with....

if AG just raised rates as he should have, we would be off to the races...

this guy is very diabolical..trying his damdest to keep the bulls from stampeding in the streets<GGG>...
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