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Non-Tech : Dorsey Wright & Associates. Point and Figure
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To: ron delany who wrote (6567)3/1/2000 1:35:00 PM
From: Ms. X  Read Replies (2) of 9427
 
Well, with INTU it is difficult because it just gave a sell
signal and broke major support - for the upside. We can
look at what the downside potential is though. Wow, big
break today - uh, the count gives it momentum down to 12 I
think which is silly.
On the 2pt chart it is still at major support and I'd use
this chart as the guide since it is so volatile. 48 would
be dangerous. It may bounce from this support but we'll
have to wait and see. I wouldn't be a buyer here at this time.

With INTC...

The first buy signal after X --Count this column. (7)
114 the last sell signal-->X O 114
112 X X O 112
110 ----------------X --X O X O -----------110
108 X O X O X 108
106 X X O X O X 106
104 X O X X O O X 104
102 X O X O X O <--The last sell signal

7x3=21x2(the box size)=42.
42+104 (the bottom of the column of X's counted)=146. That
is the Intel Vertical count.
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