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Non-Tech : Dorsey Wright & Associates. Point and Figure

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To: Jerry Olson who wrote (7883)5/14/2000 7:09:00 PM
From: PuddleGlum  Read Replies (1) of 9427
 
OJ-
Not all of us can be active traders, Jerry. I have a real job, and I took a lot of positions over the last few months that went against me very quickly at times when I couldn't check in on the market more than twice a day. Consequently, I've altered my trading system and maintained a higher cash position than usual (which at times was 15% rather than 0 or 5%) but P&F is still a big part of my investing/trading picture.

So, I still like the slower, traditional p&f. Yes, I got whipsawed when the main coach went to X's and the OTC went south, but I'm not yet ready to say that things have forever changed.

I've been doing better since I went to slower-moving stocks, and I'll probably remain focused on these (yes, AVP has been looking good to me), though I expect my tech stocks are ready for a rally.

pg
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