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

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To: Tigress who wrote (4641)1/10/2000 4:21:00 PM
From: Jorj X Mckie  Read Replies (1) of 9427
 
Tig,
I am not saying that ADBE can't recover, it very well might. But the chart for ADBE just doesn't have any indication of bullishness to me. In fact, it is at resistance now. PSFT had a couple of buy signals and then gave some quick sell signals and hit the BSL and bounced up. Personally, I love playing the BSL for bounces up and the BRL for bounces down (short). I think that ADBE will need some significant good news to make a real move...again, I could be wrong, but it isn't a pattern that I would play.
JXM
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