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Non-Tech : Dorsey Wright & Associates. Point and Figure
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To: Rich1 who wrote (8674)7/16/2000 10:05:49 AM
From: Mr. BSL  Read Replies (1) of 9427
 
I noticed that all five front page indicators are in columns of X's once again. About 3 months ago, the BPNYSE, BPOPTI & BPOTC were in columns of X's at decent levels and we got creamed in the OTC. I see two differences this time:

1) The underlying 10wk, momentum, rs in col X etc charts are mostly positive ( 7 out of 8 for NYSE, 6 out of 6 for OPTI, and 4 out of 6 for OTC).

2) This time, positive earnings reports are being met with buying instead of selling.

FWIW, Dick
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