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

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To: Jerry Olson who wrote (5399)1/25/2000 12:53:00 PM
From: OX  Read Replies (2) of 9427
 
>>>hang tough

I agree but w/ some caution (as always :-)

my point is that most of the BP's are keyed of individual stock charts. and some (?) are not going to show the reversal from yesterday till today since PNF only charts in one direction per day.

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HILO is one that not directly related to an individual stock chart... but at tops or bottoms, NH/NL aren't going to shift radically for obvious reasons. I also hand chart HILO and have a hi at 52... today it is on track to goto 48. but no reversal yet.
i also started keeping NAZ HILO and it will tick down today, but nothing near as much as NYSE HILO.

btw, I keep daily BPDJIA and BPSPX and they have both reversed down already.

and futher fwiw... I keep a ratio of daily pnf Buys+Sells and their 10dma... and it turned down on 1/20

of course the good news is that all 4 main piff indicators are positive. that keeps me long.
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