Dorsey Wright & Associates. Point and Figure Message Board

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

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To: Riskmgmt who wrote (7911)	5/15/2000 12:17:00 PM
From: Augustus Gloop	Read Replies (3) of 9427

<<What is the purpose of this thread?>> I have always viewed this thread as an interactive help zone for new people. You can get advice straight from the people who know this TA best. <<If DWA thinks everything is fine then how can they improve the service.>> My experience is that they make new improvements almost every month. Now, I have only used the service for about 2 years so I can't speak for changes prior to that. <<There is an "I told you so" attitude. That is a fact. It is so prevalent that many posters are shamed into statements like "well it was just my greed" "I will know next time". Truth is they won't.>> Nobody is shamed into saying anything. If you read shame into any posts it's because that poster went against the current indicators. This IS NOT a tradable market (nasdaq) for most people. The advice currently on the table from DWA is to avoid most nasdaq issues. The problem is people see what they perceive to be a great price on that formerly hot tech stock and dive in without looking for buried damage in the chart. <<DWA is a business, they sell a service. >> Part of this service is advice. I have noticed when I don't follow it I eat crow. The advice isn't right 100% of the time but they know that....and after all, what is? <<What is being promoted here is that it has worked for 100 years and has worked this time because if you really understand P&F and understood the reports you would have gotten out. It ain't so. from my experience. And I am saying it!>> I can't speak for 100 years ago ( my dad wasn't even born yet <g>) but I can say they clearly said get out of the nasdaq in March. One last thing I would add is when the Nasdaq is moving 5 - 10% per day in one direction or another, to step in is pure gambling. I don't mind taking some gambles and as a result I have both made and lost money in the current market. However, to take a kill the messenger mentality because the market is impossible to predict is erroneous. This system was never intended to be a short term hit and run system. It is a discipline that if followed will provide you better long term odds of doing well in your investments. Make no bones about it Ray....this is one tough market and you can't fight the fed. The best you can hope to do is out run them is safe sectors. Gloop

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