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Non-Tech : ACCO: 800America.com, Inc
ACCO 3.650-2.9%Nov 3 9:30 AM EST

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To: Crimson Ghost who wrote (645)2/28/2007 3:58:01 PM
From: LTK007  Read Replies (1) of 694
 
Tom Dorsey ,the grand ayatollah of Point and Figure TA, was just on Bloomberg TV and what he said was solid discipline speak.
He says per P&F rules when NYSE stocks BP has been at the high sustained levels they have been at then any 6% drop in the BP is a "GO TO DEFENSIVE!" signal.
He states yesterday's NYSE BP dropped 4.6%.
So the "Go To Defensive" has not been given, but it is damn close, so watch carefully.
i will be checking that carefully.
O yes, Tom Dorsey says, their discipline is rigid, they are not allowed to guess it will go to 6% drop from last BP high, they must wait for it to happen.
i see Tom D. is finally showing his age.
i used to think he was a fat man but was later to find out that under his suit is contained a body of a lifetime weightlifter:) Max
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