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: sherlockgerlach who wrote (6611)	3/2/2000 3:04:00 PM
From: faqsnlojiks	Read Replies (1) of 9427

I see you already got an answer, and L1 is right...126 is your double-bottom break and sell signal. Which would be a place to put a stop (if you were really worried about it). I can tell you're pretty conservative about all of it, and I tend to be a bit more loose with my stops. If it were me (and I was in negative territory with it), I would definitely hang on until the chart really broke down...but that's me. It's up to you to determine your level of pain. Of course, if you're just trying to protect profits, that's another story. There is never anything wrong with taking a profit when you get it. That's why I sold RFMD at 133.... <sniff> On a side note, when I want to buy something right after a double top break, I'll usually wait for a bit of a pullback before executing the buy...if only a box or two. That way, you at least have a little room if/when it reverses. Good luck. -Joe PS. I haven't looked at it yet today so I don't know if your stock is up or down.

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