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


To: Jerry Olson who wrote (1434)11/1/1999 11:15:00 PM
From: Ms. X  Read Replies (3) | Respond to of 9427
 
OK everyone, listen here...

The NYSE BP is less than a percentage away from reversing up. Until it does it is in O's and we don't want to second guess but the OPTI and the High Low are in X's. This is moving pretty fast. A lot of sectors moving well.

We have a lot of sectors in Bull Alert and this is where you can look for some excellent opportunities. Don't be afraid of missing things because we are at very low levels here and even if stocks run, there are more in the kennel to grab.

There will be pullbacks and I'd like to see one here to bring some stocks that have broken nice patterns into a more reasonable buy range. I've got so many stocks to chose from it is insane right now.

I have to look for portfolio possibilities which means I must have a broader selection and not just one sector. I am looking specifically at sectors in Bull Alert for some trade ideas. I've mentioned a few here for the past few days and I'll bring some more ideas tomorrow as I continue through my scans.

Don't go 100% yet. Wait for that NYSE BP. Understand that things can be volatile at this level but the market risk is low. I say that because of the NYSE et al being below 35%.

I'll post tomorrow with ideas. Please share any that you have come across and let's have another great year like last year...

Oh, I bought ETYS for a trade today. Broke some support but still holding major support. I figured my stop was within a couple of points and it looked like the type of insane aggressive loopy kind of thing that I needed right about now.

I also bought ORCL, LSCC and CNRS. weeeeee.



To: Jerry Olson who wrote (1434)11/1/1999 11:25:00 PM
From: Ms. X  Respond to of 9427
 
Horizontal count!

I couldn't figure out what the Hell an HC was....
Sheesh.

You would want to do a vertical here because the column of X's that created the buy signal was a good move, it also broke the BRL. You would use the horizontal if a vertical move hadn't created a buy or the buy signal was still within major resistance. This is no hard rule I just find it is a little more correct.

But, if we do both...

The HC, as you call it, would be 1730.
The VC would be 1640.

Somewhere between those two is where the momentum for the SPX lies.