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: Patrick Slevin who wrote (5298)	1/23/2000 10:55:00 AM
From: Jerry Olson	Read Replies (1) of 9427

Paddy... when i mentioned the BP was OK...it did not matter to me where the SPOO was...or for that matter where the markets were... i don;t use P&F indicators the way you use other SPOO TA... I read the charts of the SPX-OEX-RUT-DJIA..then check my P&F 5-6, short-medium-& long range indicators to tell me what i should do.... they all said "STAY LONG"...despite the 10% correction in the NAZ and other indexs..i stayed the course...these indicators tell me to play offense or deffense... so while we may have made a top at 1480??? it does not mean i should have bailed right there... in fact i continued to BUY the DIP...and have added to several positions because of the pullback and volitility... and let me say right here..i have the uptmost respect for ANY daytrader..either futures or stock..heck i could NOT do it...and i am a pretty good trader...not my cup of tea pal... you're a PRO SPOO trader, thats makes his living at this... my hats off you to and those that can do this day in and day out... as for P&F...while we think of it as more of a positional type entity...it can be used in so many ways, depending on what your style is for trading/investing etc... so rock on chieffy.....

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