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

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To: Ms. X who wrote (8601)7/6/2000 11:50:26 AM
From: SpecialK   of 9427
 
Glad you like it. I'm always on the lookout for good looking charts. GALT, a semiconductor, I really like is holding up well, down marginally yesterday. Also, CUBE, listened to interview with the new CEO, talking about 40% growth.

Both are in uptrends. GALT is in Xs, waiting for a reversal to enter, I will just buy a small position if it doesn't pull back. CUBE is held at the BSL, but broke a Quadruple botttom yesterday. Fundamentally good story.

Also like ANAD, cheap compared to TQNT, VTSS, RFMD, probably due to lower profit margin. At 30 bucks, a triple bottom. Next support at 26, a double bottom.
PO is 49. Risk reward for the trader is 19 : 1.
For the investor, it is 19 : 5
Both good odds.
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