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Non-Tech : Dorsey Wright & Associates. Point and Figure
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To: Riskmgmt who wrote (7911)5/15/2000 11:46:00 AM
From: OX  Read Replies (1) of 9427
 
Ray,

I applaud your post, not necessarily for what you say, but for saying it. I have a lot of respect for Tom Dorsey, altho I have no personal basis for it, just from observation from afar. But sometimes I feel this thread has the aura that no one wants to tell 'the emporer has no clothes' (not specfically referring to TD).

The fact is everyone wants to shed the best possible light on their service. Another service I like is briefing.com. They continue to pat themselves on the back for calling for a 'rolling thunder correction' in the markets this year.
As a matter of fact, in their Stock Brief this morning, they said it again...

'We coined the phrase
"Rolling Thunder Correction" for this type of market movement.

And we predicted it.

We first began discussing the "Rolling Thunder Correction" in our Stock Briefs of January 03 and January 10 of this
year.'

But the truth is (for those who have followed closely), there were multi views in early January and briefing chose to go w/ the one that bore out the correct hypothesis.***

So what's the point? the point is... buyer beware.
Do I need to say that there's no holy grail and no one is right all the time.

Thanks again for the post.

---
***it is true however, that the writer of this mornings piece was the originator of the 'rolling thunder correction' so he is correct in saying he called for it... but what about the other writers there?!

btw, I still regard briefing.com highly. it and DWA are 2 of the best bang-for-the-buck services out there.
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