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Non-Tech : Dorsey Wright & Associates. Point and Figure
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To: Al Serrao who wrote (8484)6/24/2000 1:11:00 AM
From: PuddleGlum  Read Replies (2) of 9427
 
I have to agree with Preston on gold. Yes, it's got legs, but they're headed in the wrong direction. The only good thing I did was write covered calls on NEM several weeks back. I'll almost certainly have another chance at writing those calls for a second time.

Lots of stocks pulling right back to support. Look at CGNX, CSCO, and I could find a dozen others easily.

I had an order in to buy RMBS at 86 a couple of days ago, but it barely dropped below 90 that day. Another big one that got away.

BTW, options BP reversed to O's as well. We don't need to go much lower before quite a few stocks give sell signals, so I'm clueless as to the market direction here. AG won't raise rates, but that's what a lot of others believe so it's probably priced into the market now.

pg
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