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Non-Tech : Dorsey Wright & Associates. Point and Figure
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To: Jorj X Mckie who wrote ()5/14/2000 1:20:00 AM
From: Tommy Dorsey  Read Replies (2) of 9427
 
I don't think your name was mentioned at all in all this. Yes the Percent Positive trend, percent positive momentum etc were created because other indicators were needed and we did so. The basic P&F has worked just fine for 100 years. When the markets got this volatile in the past, investors simply knew that they were dealing with a hurricane and not A simple rain storm. They knew in days past to simply keep more cash or all cash. We decided to create some indicators that gave more assistance to the investor when times were unusual, or out the tails of a curve. Now you have them as of Monday. And Tom no one painted you as any bad guy, your name wasn't mentioned at all that I can see. I hope I have made the report more useable for individuals come Monday.
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