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Non-Tech : Dorsey Wright & Associates. Point and Figure
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To: Tommy Dorsey who wrote (8050)5/18/2000 4:45:00 PM
From: Jorj X Mckie  Read Replies (3) of 9427
 
Tom,
The one heartening thing about CSCO breaking down is that traditionally it has marked the bottom of the overall correction when CSCO hits the BSL. I believe that the BSL closely matches the 200dma as well. I would point you to the corrections in 1997 and 1998 as good examples of this.

CSCO is always the last general to get shot, and until it is, this correction will not be over. Of course, IMVHO.
Tom
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