Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Tommy Dorsey who wrote (681)	10/5/1999 3:12:00 PM
From: Augustus Gloop	Read Replies (2) \| Respond to of 9427

Ya know, a few months back you said BUY OMPT on your traders corner list because the chart looked very solid. I did so and within 2 days the stock had news that sent it 40% higher in 1 hr. At that time You said to me "isn't it funny how the chart can at times forecast news that is unknown to us at the time of the recommendation." Fast forward from then to about a 3 weeks ago when the dow went below 10400. At that point I got really, REALLY defensive. I did so because it looked as if 9700 was a real possibility. Again fast forward to the past few days. The market had been acting better and It was tough to sit and not be active (although I've made a few short term plays) but the indicators had not turned up so I didn't spend my clients cash. Now....today is the payoff. Although I can't say we are headed for 9700 I can say....Isn't it funny how the chart forecasts news that was unknown to us before. Happy bargain hunting!!!