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Non-Tech : Dorsey Wright & Associates. Point and Figure
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To: Gary Wisdom who wrote (8340)6/7/2000 2:26:00 PM
From: Tommy Dorsey  Read Replies (1) of 9427
 
Gary,
The HAXS broke a double top at 4 1-2 and rallied to 7 1-2. It looks like Wednesdays action will cause a reversal back down which would be perfectly normal. The weekly momentum has recently turned positive which is also a good sign. However, the trend is still negative so I certainly would not call this one a solid citizen. The middle of the distribution is at 9 1-2. As the chart develops and makes higher bottoms look to raise the stop loss point. Jay
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