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: jeraldo515 who wrote (4525)	1/6/2000 10:49:00 PM
From: Augustus Gloop	Read Replies (2) of 9427

<<Also, did any piffers anywhere have any indicators or indications( other than intuition, a WAG , or an artistic nuance) that even suggested monday afternoon the debacle that was to follow tuesday morning and hopefully is near the finish this afternoon?>> 1)There were skeptics on the board (I was not one of them and still remain bullish) 2)I don't know of any indicator that will call for an afternoon correction on a specific day. 3)Each stock has a chart that indicates the sectors bullish percentage. It's up to each individual to draw a line in the sand and determine when to go on defense. 4)Each stock also has a support area. If you allow it to violate that support and stay invested then you deviate from the discipline and run the risk of being battered.....we all have been down that road!!! 5)Part of the discipline is to not "out guess" the indicators in terms of direction. As we speak the indicators are in our favor. So, although the past few sessions have been painful, I'm not ready to "cash in" until I feel we have slipped and are headed south. In terms of future indicators, I'm sure Tom looks at possibilities of how to better his service all the time.

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