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

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To: Lost1 who wrote (7992)5/17/2000 4:03:00 PM
From: J.B.C.  Read Replies (2) of 9427
 
My leaning right now is going that way. Or doing the CC route. On the BRL, I'm taking to heart the DWA write-up on IBM (May 4th, I believe)that once a stock has peirced the BSL, it takes a long time to rebuild that base. But here's my conundrum, Look at SEBL, I've been writing CC's against my positions up against the BRL, then I get a break through up to strong resistance at 144. Now I have to weigh how far down the BSL is and if this is indeed a false break out, do I maintain my position or what. Nothing comes easy!

Jim
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