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Non-Tech : Dorsey Wright & Associates. Point and Figure
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To: Tommy Dorsey who wrote (7731)5/10/2000 2:35:00 AM
From: Ms. X  Read Replies (6) of 9427
 
Based on the info provided by OX, we now have a way to follow
posting on SI. Next we need to use the Nasdaq as the basis
for the RS for this chart.

Here is a PnF chart of SI postings in the past couple of months.

33000
32000 X <--High in March which coincidentally, but perhaps
31000 X O not surprisingly, was also a high on the Nasdaq.
30000 X O
29000 X O
28000 X O
27000 X O
26000 X O
25000 X O
24000 X O
23000 X O
22000 X O
21000 X O
20000 X O
19500 X O X
19000 X O X O
18500 X O X O
18000 X O X O
17500 X O X O
17000 X O X O
16500 X O O X <--Notice the rally up to the area
16000 X O X O of last resistance. Don't want to
15500 3 O X O X get too bullish all at once.
15000 O <--Spread double bottom X O X
14500 O break. Market confusion X O X
14000 O sets in and the indices X O X <-Building a triangle?
13500 O slide. X O A bullish triangle may indicate
13000 O X the market is ready to pop. Cisco's
12500 O X report may be the key.
12000 O X
11500 O X
11000 O X
10500 O X X
10000 O X O X X
9500 O X O X O X
9250 O X O X O X X
9000 O X X X O X O X O X
8500 O X O X X O X O X O X O X <--Breakout on May 2nd. Sign that the
8250 O X O X O X O X O X O X O X X market starts to move in one direction
8000 O X O X O X O X O X O X O X O X or the other.
7500 O X O X O X O X O X O X O X O X
7250 O X O X O X O X O X O X O X O X
7000 O X O X O X O X O X O X O X O X
6500 O X O X O X O X O X O X O X O X
6250 O X O X O X O X O X O X O X O 5
6000 O X O X O X O X O X O X O X O X <--Obvious base. No one knows what to
5500 O X O X O X O X O X O X O X O X discuss. Dribble.
5250 O X O X O X O X O X O X O X O X
5000 O X O X O X O X O X O O X O X
4500 O X O X O X O X O X O X O X
4250 O O X O X O X O X O X O X
4000 dumb O X O X O X O X O X O X
3500 founded O X O X O X O X O X O X
3250 here --> O O 4 O O X O X <--Excellent support area for posting.
3000 O O
2500
2250
2000
1500
1250
1000
950

My analysis is - if we don't break down here at 13000 postings,
there is a good chance the market can rally. Combined with
the support area being held on the Nasdaq of course. Duh.
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