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

To: steve wong who wrote (658)	10/4/1999 10:15:00 PM
From: Ms. X	Respond to of 9427

Part four of DWA's Market Analysis Report: Stocks Close To A Technical Breakout [BNBN] - Barnesandnoble.com Inc.: Triple Top Watch at $19.500. [BRCM] - Broadcom Communications: Triple Top Watch at $114.000. [CPWM] - Cost Plus Inc: Triple Top Watch at $49.000. [FAM] - First American Corp Tenn: Triple Top Watch at $43.000. [JNY] - Jones Apparel Group Inc: Triple Top Watch at $30.000. [LEH] - Lehman Brothers Holdings Inc: Triple Top Watch at $58.000. [NETM] - Netmanage Inc: Triple Bottom Watch at $2.000. [NN] - Newbridge Networks Corp: Triple Bottom Watch at $25.000. [SPOT] - Panamsat Corporation: Quadruple Bottom Watch at $37.000. [TAM] - Tubos De Acero De Mexico: Triple Top Watch at $12.500. [YHOO] - Yahoo! Inc: Triple Top Watch at $186.000. Dorsey Wright & Associates Index Information Dow Jones Symbol Company Recent P&F RS RS RS Wkly Mom Price Sig Col Weeks Mom Wks AA Alcoa Inc. 60.875 Sell Buy X 23 - 2 ALD Allied Signal Inc 57.500 Sell Buy X 163 - 10 AXP American Express Company 135.813 Sell Buy X 390 - 1 BA Boeing Co 41.875 Buy Sell X 61 - 7 C Citigroup Inc 43.438 Sell Sell O 56 - 2 CAT Caterpillar Inc 53.063 Sell Sell X 40 - 3 CHV Chevron Corp 87.625 Sell Sell O 399 - 3 DD Du Pont, E.I. De Nemours 59.750 Sell Sell O 40 - 7 DIS Disney Walt Co 26.438 Sell Sell O 114 - 1 EK Eastman Kodak Co 72.563 Buy Sell O 119 - 1 GE General Electric Co 118.375 Buy Buy X 353 + 4 GM General Motors Corp 61.813 Buy Sell O 168 - 0 GT Goodyear Tire & Rubber Co 45.000 Sell Sell O 266 - 2 HWP Hewlett Packard Co 95.188 Sell Buy X 13 - 8 IBM International Business Machines 123.813 Sell Buy X 149 - 0 IP International Paper Co 48.375 Sell Sell X 313 - 5 JNJ Johnson & Johnson 91.500 Sell Buy O 55 - 2 JPM Morgan JP & Co Inc 115.000 Sell Sell O 56 - 2 KO Coca Cola Company 50.750 Sell Sell O 37 - 4 MCD McDonalds Corp 43.063 Buy Buy O 750 + 3 MMM Minnesota Mining & MFG Co 92.688 Sell Sell X 222 - 3 MO Philip Morris Cos Inc 34.063 Sell Sell X 77 - 1 MRK Merck & Co Inc 65.313 Sell Sell O 288 - 0 PG Procter & Gamble Co 98.938 Sell Buy X 536 - 1 S Sears Roebuck & Co 29.500 Sell Sell O 100 - 16 T American Telephone & Telegraph 44.000 Sell Buy O 36 - 10 UK Union Carbide Corp 54.250 Buy Buy X 7 - 3 UTX United Technologies Corp 56.000 Sell Buy X 131 - 8 WMT Wal Mart Stores 46.938 Sell Buy O 24 - 0 XON Exxon Corp 74.688 Sell Sell O 547 - 4 Total Stocks 30 Positive Momentum 2 (7%) Negative Momentum 28 (93%) Positive P&F (Dow Jones Bullish Percent) 6 (20%) Negative P&F 24 (80%) Positive Trend 12 (40%) Negative Trend 18 (60%) RS in X Column 14 (47%) RS in O Column 16 (53%) --------------------------------------- \| INDUSTRY GROUPS BULLISH PERCENT \| --------------------------------------- In 1955 Chartcraft invented the New York Stock Exchange Bullish Percentage which calculated the percentage of stocks on the NYSE which had given point & figure buy signals. For over 40 years this has been one of the most rewarding stock market indicators and is a leading indicator. Buy signals are given when the percent reverses up from below 30% or penetrates a previous top. Sell signals are given when the percent reverses from above 70% and goes to 68% or less. A sell signal is also given if a previous bottom has been violated. When a sell signal is given, the Bullish Percent almost always drops to the 50% level or lower. Chartcraft expanded this concept to include approximately 43 broad industry groups covering over 150 industries. These charts are interpreted like the NYSE Bullish Percent. These charts are updated weekly and should provide guidance as to which broad industry groups should be bought and which should be sold. These sectors are listed below according to their risk status. A plus (+) after the percent means the last column of the chart is headed up, a minus sign (-) means it is headed down. An asterisk () by the bullish percent number means there was a change from the previous week while a pound sign (#) indicates a change in status from the previous week. Date September 29, 1999 BULL CONFIRMED STATUS INDUSTRY SECTOR BULLISH % # Precious Metals 62+ Real Estate 50+ BULL ALERT STATUS INDUSTRY SECTOR BULLISH % None BULL CORRECTION STATUS INDUSTRY SECTOR BULLISH % # Oil * 50- Electronics * 50- Biomedics * 48- Gaming * 48- Steel/Iron * 44- Computers 44- Protect/Safety Equip 44- Transports - Non-Air * 42- Savings & Loans * 40- Waste Management 38- Leisure 38- Chemicals * 38- Business Products * 36- Healthcare * 36- BEAR CONFIRMED STATUS INDUSTRY SECTOR BULLISH % # Metals Non-Ferrous * 52- Intl Europe 50- # Drugs * 44- # Utilities-Electric * 42- # Oil Service * 42- Household Goods * 38- # Semiconductors * 38- Food/Beverage/Soap * 36- # Textiles-Apparel * 36- Restaurants * 36- Finance * 36- Forest & Paper Product * 34- # Machinery & Tools * 34- # Buildings * 32- Internet * 32- Auto & Auto Parts * 32- Banks 32- Retailing 32- Aerospace/Airlines * 26- Insurance * 26- Wall Street * 24- BEAR ALERT STATUS INDUSTRY SECTOR BULLISH % # Utilities - Gas * 62- Intl - Asia Pacific * 58- Intl Latin America * 46- # Telephone * 46- BEAR CORRECTION STATUS INDUSTRY SECTOR BULLISH % Media 52+ Software 52+ Top of ReportDaily Option Ideas CALLS: Checkfree Holdings (CKFR, FCQ - 40 7-8) Buy the February 35 calls at 10 1-4 Stop loss of 37 PUTS: Sanchez Computer (SCAI, SUU - 35 1-4) Buy the January 40 puts at 9 5-8 Stop loss of 40 COVERED WRITE: Vicor (VICR, VIQ - 21) Sell the January 22 1-2 calls at 2 3-16 Investment for 500 shares $ 9,640 Annualized Called Return 47.8 % Annualized Static Return 28.3 % Downside Protection 8.9 % THE FOLLOWING COVERED WRITES ARE STILL RECOMMENDED. THE PRICES HAVE BEEN CHECKED USING QUOTES AND NEW POSITIONS CAN BE INITIATED. Elan - sell the January 35 calls Techne - sell the January 35 calls Adtran - sell the February 40 calls Oracle Systems - sell the January 45 calls Tyco Intl. - sell the January 105 calls King Pharmaceutical - sell the January 40 calls Home Depot - sell the January 70 calls Cisco Systems - sell the January 70 calls Electroglas - sell the January 25 calls Top of ReportRecommendation Follow Up CALL FOLLOW UP: None required today The following calls are no longer recommended: None today PUT FOLLOW UP: Devry November 25 - initiate option stop of 4 Goodyear Tire January 60 - stopped at 13 1-2 (6 5-8) Republic Group January 20 - initiate option stop of 4 1-2 XL Capital January 60 - raise option stop to 16 Department 56 March 30 - raise option stop to 4 1-4 Answerthink January 20 - raise option stop to 7 Borg Warner Auto December 50 - raise option stop to 7 1-4 The following puts are no longer recommended: Sungard Data January 25 COVERED WRITE FOLLOW UP: Interpublic Group January 40 write is now a hold Copyright © 1995-1999 Dorsey, Wright & Associates, Inc.