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

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To: Murrey Walker who wrote (2118)11/24/1999 9:08:00 PM
From: Jorj X Mckie  Read Replies (2) of 9427
 
A couple of things:
Hi Murrey (1)

Happy Thanksgiving to all the piffers everywhere(2)

The BPHILO (3)
I was noticing that the BPHILO reversed down a couple of days ago. I was thinking to myself..."hmmmm, is this something to worry about?" I decided to see how often the HILO reversed without the NYSEBP also reversing

In 1999 the:
BPHILO has 14 columns
BPOPTI has 9 columns
10Week has 7 columns
NYSEBP has 5 columns

If the BPHILO reverses up and goes to 46% it will be a brand new short term buy signal.

And it looks like the NYSEBP was moving up this week, though it didn't post a new X on the chart.

I guess that I will have to stay bullish:-)

Grub 2121 (4)
JXM
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