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Non-Tech : Dorsey Wright & Associates. Point and Figure -- Ignore unavailable to you. Want to Upgrade?

To: J. P. who wrote (597)	9/29/1999 11:31:00 PM
From: Jorj X Mckie	Read Replies (1) \| Respond to of 9427

Yeah, I don't get it, why would all of these people subscribe to one form of TA or another when it clearly doesn't work. BTW: if it was in the beginning of April, it would have had a 20pt run before backing off. And Tom Dorsey is one of the few who has published a book that not only concentrates on the technical analysis, but also managing the trade and minimizing losses.

To: J. P. who wrote (597)	9/29/1999 11:54:00 PM
From: Lost1	Respond to of 9427

Did you cover? Because of what someone said on TV? LOL! What's your point J.P.? Surely this wasn't it..Now we all make mistakes, just goes to show that none of us really know ....... boils more down to cash management schemes and time horizons rather than timing prowess. ... Read back a few posts before inserting head up *ss any further..

To: J. P. who wrote (597)	9/30/1999 12:49:00 AM
From: Ms. X	Read Replies (1) \| Respond to of 9427

You know, this is the problem with TV investors. They take one snippet as gospel and don't catch the follow through. With any TA what is true today may drastically change tomorrow. I'm sure every TA person out there would love to have the chance to come on CNBC and explain fully what is going on but do you think in 5 minutes they can? Think about it. But as I look through the comments on DWA - if you were short SCH in April (which started the month with a price of 98) you were sweatin' it because the stock continued up until May when it started to break down. Stock hit 120+ April 23rd and 116 May 12th. I can guarantee you that show wasn't in May and I doubt that it was in late April, if in April, early April (but my guess was it was in March). Regardless, Here is his comment in late April: 04/28/1999 [SCH] Schwab Charles Corp ($118.625) broke a double bottom at $116.00. Stock remains above its bullish support line. This has been a volatile stock and its next support is in the mid 90'S. May want to hedge positions.. Schwab didn't see the upper ninety's again until June. And Tom Dorsey had everyone prepared for that fall starting with the above comment and then again on May 4th with: 05/04/1999 [SCH] Schwab Charles Corp ($107.438) broke a double bottom at $106.00. Second consecutive sell signal and follows a lower top. Those long should not let profits slip away. And again on May 26th. 05/26/1999 [SCH] Schwab Charles Corp ($98.000) broke a spread triple bottom at $100.00. This break also breaks a spread triple bottom and RS is in a column of O's. Avoid. Know to what you speak before you do. I can understand you thinking that the one comment may be gospel (if you didn't put any thought into it). However, if you watched more than one show I'm sure you have heard him mention at least once about the sell and buy signals and how they work. Following PnF you wouldn't have shorted until the time was right saving you a few sleepless nights.

To: J. P. who wrote (597)	9/30/1999 6:50:00 PM
From: Tommy Dorsey	Respond to of 9427

Yes probably April where the stock moved from $50 to $77. One of the problems with CNBC is ther si no follow-up. I plan to change that this next month where I follow the stocks I comment on for the next month with comments on a daily basis if comments are required. This way as things change as Schwab did the investor will be alerted to it. Otherwise I could not disagree with you more on y our other comments, but that is what makes a market. Those who have followed us for any length of time I think will agree. t