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

To: arno who wrote (1809)	11/17/1999 7:39:00 AM
From: Tommy Dorsey	Read Replies (2) \| Respond to of 9427

Yes I do. That is an old Wall Street Adage that three rate hikes by the fed and the market stumbles. I would pay more attention to taht if the indicators were close to turning to defense. When I look at what the fed did, it still doesn't seem likee tightening. They raised the rate but at the same time they are pumping in massive reserves into the economy. Reserves are expanding at 46.5% annual rate. The spigot is on full blast. IT's like pushing your gas peddle to the floor with your right foot but putt ever so slight pressure on the brake with your left foot. Lets stick to our indicators that brung us. It's been like a 21st birthday party since the indicators revesed up. I have neve seen money made so fast in such a short time. When the indicators change, we'll change. Don't compromise on the chart patterns on stocks you buy just because the punch bowl is full. It won't take long before everyone is walking around the party with the lampshade on their heads. Tom