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Non-Tech : Dorsey Wright & Associates. Point and Figure
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To: HG who wrote (3171)12/15/1999 9:38:00 PM
From: John Pitera  Read Replies (3) of 9427
 
Hi Happy_girl,

very good points about much of the mkt not participating in the bull since april of 1998 and esp. this year.

If we go with the thesis that this is morphing into a bear mkt. It should culminate with a wash-out phase that sees a reduction in price and PE for the stocks in vogue, much along the lines of the comeuppance of the Nifty Fifty in 1973-74

John
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