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: quote 007 who wrote (6102)	2/11/2000 3:06:00 AM
From: Ms. X	Read Replies (1) of 9427

Did everyone see the DJBB gave a buy signal? This is not a buy signal from a column of X's exceeding a previous column of X's but from a low pole warning. It has moved up 50% off the bottom on the low pole giving the buy signal. This is very good for bonds and the first buy signal since the amazing sell signal exactly one year ago. When the sell signal hit, it took the market and Greeny a while to raise rates..... so, it could take a while for the effects of this signal to take place in the market too but this certainly is a positive sign! However, with the NYSE BP still in O's we have risk in the market and as you all have been seeing, things are still volatile. The Dow isn't having a good time at all and has broken the BSL and several bottom breaks this past month. Still within support area. The Nasdaq is still screamin' along. Look for financials to improve with the sector reversing up into X's at 38%. Also watch the bank sector to reverse up. The momentum is getting better and the sector is way oversold at 20%. The Utilities sector is in Bull Alert and continuing to move forward. All this is grouped with the DJBB turning positive to give you a picture of the interest rate direction by the bye. If you hear CNBC ask "Will the such and such sector ever turn positive again...." (like I heard them say about banks this week) you gotta go look at the charts to see what the true picture is. Truth is the sectors are washed out and ready to move. Be there when they do. Wall Street Sector has already been in X's and is around 50%. Still working on the University and we have a new logo look for DWA that will be shown soon. Things going great!

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