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

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To: Augustus Gloop who wrote (8032)5/19/2000 2:12:00 PM
From: Ms. X  Read Replies (2) of 9427
 
I'd like to propose a task for tonight...

I'd like each of us to take a sector (say a total of 5) and come up with two longs and two shorts. If we could get 10 people (5 for the long sector picks and 5 for the short) we could have a nice thread discussion and potentially some solid plays that get us back to P&F basics!



Well, we can use the new DWA Technical Indicator Report for this...

Hmmm, looking at the recent stuff there are several that look great. I'm not going to mention shorts because shorting in a sector that is in Bull Confirmed and out stripping the market doesn't make sense.

Here are stocks that look great.
NOC, CAL, BAB, DAL, UPS, ACAI, LUV, GCO, HON.

Of those UPS looks ready for a good trade and I think I like it the best but all of the above look good.
BAB needs to pull back.
NOC is extended and needs to pull back.
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