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

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To: Dave Shares who wrote (5857)2/2/2000 8:35:00 PM
From: Doppler  Read Replies (1) of 9427
 
David- Good point. I had such a miniscule position that I figured I could wait it out, but you're right the charts say sell (or in this case cover). I've learned in blackjack to follow the system whether I have big or small bet on the table. This really is no different. Stick to the plan. Now I'm only down 100 bucks, but I will cover early tomorrow and look for greener pastures. That is how a $500 gain on an INTU put turned into a 6K loss, and a 1k gain on shorting EBAY turned into a huge loss before I got into PnF. Both broke my chart support on conventional TA and I figured I would wait for them to come back. They didn't. Thanks again for the dose of reality. Happy trading. Jeff
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