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

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To: Elwood P. Dowd who wrote (5943)2/6/2000 7:05:00 PM
From: Tommy Dorsey  Read Replies (2) of 9427
 
El don't worry about the stock. It's fine. Nothing has changed with the technical picture. Keep in mind that all the market indicators have moved to negative. I don't care if the Dow or S&P move up the sell signals are winning clearly evidenced by the fact that 64% of the stocks on the NYSe have negative P&F charts. This will weigh on CPQ as it will on every other stock out there. This is what happens when the overall market loses sponsorship. How long this lasts is anyone's guess. One week one year, we don't predict. If you are a trader, that is another story and time is a killer for traders. If you are an investor and are not overleveraged them sit back and relax. Next time you feel tense about CPQ e-mail again and we'll talk. Tom
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