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Non-Tech : Dorsey Wright & Associates. Point and Figure
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To: steffi who wrote (7552)4/27/2000 11:38:00 AM
From: Lost1  Read Replies (1) of 9427
 
steffi, The general thinking is to buy partials at the breakout and get the rest if and when it pulls back. You might not get as much as you want if it runs up, but your exposure isn't as great in the event of a stop triggering selloff. Given this market I'd bet you can get it all under 55.<g> THen again you might get none. WIth a PO (price objective) of 104 the r/r still falls within the 3:1 level even at this price, but the stop is a thrashing..OUCH

I guess I wasn't much help..sorry
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