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

To: Rich1 who wrote (1395)	10/31/1999 1:12:00 PM
From: Ms. X	Respond to of 9427

Rich, C'mon man... With the NYSE and other indicators so low do you really think you will miss anything once they turn? Just because a few stocks are at new highs does that mean that the opportunity is over? The NYSE BP tells us that only 32% of stocks are on buy signals which means there are 78% of stocks still waiting to move. If the stocks are at highs now, provided they are good fundamentally, I have no problem believing they will be higher when the NYSE BP gets back to the 60+%. You're too antsy. You don't get the bottom but with the indicators you will be in before the majority of the stocks move. Yes, we have two out of the three short term reversed up which, as has been mentioned several times on this thread, is what we look for to enter into positions as trades. The NYSE BP will tell us if the rally is longer term in nature or not. The NYSE BP turned negative way before the bottom was reached in the market so it would stand to reason that it reverses up way before the top.