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

To: Augustus Gloop who wrote (1016)	10/13/1999 9:14:00 PM
From: Ms. X	Read Replies (1) \| Respond to of 9427

Market Update. The percent of 10 as we discussed today did not reverse down and after today it moved down a little lower.(Edit: It did not move lower on the chart, it is off it's recent rebound high). The High Low did reverse up but the OPTI hasn't nor is the NYSE BP anywhere close. Without the 10 week reversing one has to say "hmmmmm". When I thought the 10 week had reversed I thought a short term rally was in the mix but now I'm not so sure. I'll be keeping a watch to see what happens. The NYSE BP is at least in over sold territories and it isn't as scary as sitting at 70% but at the same time there are some boxes of real estate between 38% and 0%. I've been able to trade some things in the volatility and probably will continue to do so but I'm not betting the farm nor am I holding for better days. I take profits and set stops. Until the market starts to shape up, I'll continue to be defensive this way. Today brought in the sell signals. Hardly any buy signals and this is, as you know, what drives the NYSE BP et al lower. Let's see what the week brings. So far the DJIA (which is like 'whatever') has held support. The Nas did break a double bottom today. Lot's of poopiness going on. If someone would ask what I thought of the market I'd say "It's Poopy". I think that sums every thing up nicely. As far as the interest rates the TYX is havin' a good 'ole time but the DJBB isn't budging. Since it is on a sell signal, even though it is at the bottom of the trading band we are negative in this area. We want to see the reversal up first. All I can say is continue what you are doing. There are two good things here; One is you have more time to do research on your next buys and two is the buying opp when it comes will be even better. :-) Always ponies somewhere in the poop pile.