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

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To: Jerry Olson who wrote (5299)1/23/2000 10:54:00 AM
From: Atin  Read Replies (1) of 9427
 
Jerry old pal, if I came to you with a stock I owned that was at 30 yesterday, in a column of Xs, went up to 31 at 9:45am and then tanked to 20 at 2pm due to an SEC investigation into accounting irregularities, what would you say? Don't worry, support is not broken because it hasn't printed 27 on this day? Would you tell me that PnF charts says it is at 31 therefore support isn't broken?

Actually you might now that I am questioning you guys on this time thing ;-)

Anyway, we're off this topic -- I think we've tried to make the point and no one is any wiser -- on to other things!

Peace, and happy trading,

-Atin
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