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Non-Tech : Dorsey Wright & Associates. Point and Figure
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To: chartseer who wrote (9050)8/27/2000 9:14:44 PM
From: Bwe  Read Replies (1) of 9427
 
Hi Steve,
Hearty congratulations on your daughter's marriage. With regard to MSFT, the problem with my early July MSFT call was that the stock had not yet broken the long term BRRL. A trendline break can't be anticipated, it just has to happen. It's never a good idea to argue with a long term downtrend line. I've since moved to the sidelines on the stock. The stock's RS is just too weak for my taste.
In the software group, I currently favor ADBE (I own shares in ADBE) and PSFT.

Your pal,
Bruce
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