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

To: Ditchdigger who wrote (2933)	12/13/1999 4:41:00 PM
From: Ms. X	Read Replies (2) \| Respond to of 9427

Way too hard to see on that chart so I looked it up on DWA. No surprise that it has done so well, a large cap fund is ripe in this market. It is extended but I've seen extended become way extended and then major extended then nose bleed territory. As a trade, you could use the first reversal from the high pole as an exit (I know you already exited). Or wait for a breakdown of the chart. There is nothing negative with the chart right now. I'm not saying exiting for profits is wrong, it certainly isn't, but the chart hasn't given any sign that its run is over. The market indicators, short term that is, are negative but the longer term are holding in there. After the short term turned negative the market did go through some corrective basing motion, not seen on the Nas chart, but felt in some sectors and a lot of stocks. Short term is good and often leads to a base to move upward from. Should the longer term indicators turn negative then of course that picture changes. I mention that because we use this also to determine when to exit or enter stocks. Should the longer term turn negative deciding to exit a trade play is usually a good idea. Did this answer you question?