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: Lost1 who wrote (2334)	12/1/1999 6:20:00 PM
From: Ms. X	Read Replies (2) of 9427

Yes, we can. The horizontal and the vertical combined gives a general price objective. Since CNRS broke convincingly out of a large base with a spread triple top I have no problem keeping that price objective. PO's are over run. They should be used as a guide, I never really use them as an absolute. What I do is I count the PO, look at resistance areas and trading bands. When the stock hits the PO area I watch the pattern it develops and the momentum. If everything is still going strong and the fundamentals are fine (or in this case it's the longer technical trade) I keep on Cinnin' as it were.

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