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

To: papi riqui who wrote (724)	10/6/1999 11:53:00 AM
From: OX	Read Replies (1) \| Respond to of 9427

one reason why not... it broke down thru the BSL

To: papi riqui who wrote (724)	10/6/1999 2:05:00 PM
From: Tommy Dorsey	Read Replies (1) \| Respond to of 9427

Sometimes its more science than Art. IT does not qualify because it broke the bullish support line. to qualify as a Shakeout the stock must be above the trend line. Although if you think more artistic than scientific then one might give the stock the benefit of the doubt as it is the first sell signal in the trend which is normally false, which would then suggest you ignore it, and thus the stock is still above the trend line. The computer does not however have the ability to think through these things which is why the investor will always be the most important cog in the machine. At least the investor who has the capability of thinking clearly. It is also why most people do not follow through with this method because it causes them to think which is painful to most people. Papi you are a thinker as you questioned what you saw and thought about it before you emailed me. There you have it big guy. By the way this thread probably has the greatest group of thinking people on SI who contribute or lurk, in the SI system. T