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: Augustus Gloop who wrote (8166)	5/23/2000 2:07:00 PM
From: Jorj X Mckie	Read Replies (1) of 9427

I can say it, don't necessarily mean that it is true. BTW: did you see that the MOOTC is bull confirmed? Personally, I think that all of the amateur bears that would take short positions have done so and all of the bulls are holding what they have now. I think that the market is going to want to take some of the short money pretty soon. Look at the BPOTC, 26 seems like some sort of bottom. We are probably about 10% away from that point now. Now look at "Today's Patterns". See the that the bearish side is pretty overweighted? Can we selloff enough to get drop that 10% to support? Whereas I agree that following the indicators is the wise thing to do. I am willing to nibble on some techvalue plays at this point. But we know that I like to drive real fast into brick walls. spankthegloopy.com

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