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Non-Tech : Dorsey Wright & Associates. Point and Figure
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To: wizzards wine who wrote (7647)5/3/2000 7:29:00 PM
From: Tommy Dorsey  Read Replies (3) of 9427
 
In a nutshell Inflation. I know the media dosnt' want you to know it but it's been back and is past 4% annual. Remember it was only 4% which caused Nixon to put on wage and price controls. Look at last weeks Janitors who in essence got a 505 raise considering the healthcare etc. U.S.Air flight attendants a few weeks ago won with hands down and other unions will follow suit with major raises. I know the mantra is that productivity is offsetting wage and price inflation but they all will be forced to change their tune shortly. Also we are in the 6 month period that generates the least returns historically. Sometimes it's simply much more difficult than others. This is where the art comes in. Back in 1981-1982 the bp reversed up and down several times appearing confused until August 1982 where it blasted off never to look back. T
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