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: Tommy Dorsey who wrote (4673)	1/12/2000 2:51:00 PM
From: The Phoenix	Read Replies (1) of 9427

Hey there Tommy, I agree, I think it's a difficult thing to sell opinions because everyone has them. Fundamental analysis can be spun so many ways simply dependent on one's own biases and experience. So, when HG or Cramer take strong positions perhaps 50% of the investment community agree and another 50% think they're boneheads. I think this is due to the fact that they only present one view of looking at a story...perhaps that's because that's the only view they have although I doubt it. That being said fundamental analysis is worth it's weight in gold if it comes from a consistent and accurate source which does a good job of presenting all the possibilities and from that deriving an opinion. The problem with TSC is that there is too much pontificating and too much of "it's my way or the highway" attitude. It appears to me that the best mix is a good fundamental analysis rooted in an understanding of the business which clearly articulates area's of promise and area's of concern which should be carefully watched. Layered on top of this is technicals which identifies entry and exit points and again critical inidicators to watch. In all, fundamentals is only good (I believe) for identifying good sectors and within them companies that have the right plans and execution to capitalize on the growth...but even after this a good analysis will point out the sign posts to look for along the way. Red flags that should go up providing readers with the tools they need to succeed. Technicals identify when is the right time to enter and exit these promising investments in order to generate the greatest return on investment. TSC is a bunch of hand waving and pontificating and unfortunatly they're wrong too often and therefore the credibility problem. Good Luck on your quest! OG

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