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

To: John Pitera who wrote (3196)	12/15/1999 9:43:00 PM
From: Augustus Gloop	Read Replies (2) \| Respond to of 9427

Good god lets hope not!

To: John Pitera who wrote (3196)	12/15/1999 10:41:00 PM
From: HG	Read Replies (1) \| Respond to of 9427

You missed the point John. You interpreted it backwards. What this hypothesis (for the lack of a better term) holds, is that we've been in a bear market for years altogether, and are just emerging out of it and are now entering the bull markets..... If I interpret this....hypothesis.....correctly, it tells me I may see CMGI @1000 in the next 6 months ! Split adjusted of course. I don't know what to think anymore. Maybe its best not to think ! Maybe its best to enjoy...! And when my favourites CMGI & YHOO add >200 points in less than 2 months, you can bet I am enjoying it :-)

To: John Pitera who wrote (3196)	12/15/1999 10:44:00 PM
From: Brian Malloy	Read Replies (1) \| Respond to of 9427

FWIW, I think the A-D line may be indicating something with a more simple explaination. It was never meant to measure this, but the effects of changes in our economy can impact this primitive metric. I'll give the short version. 1. As the mix in the economy rebalances from an industrial resource based one to a more information based economy then we should expect to see these types of trends. 2. While the market guru's may not understand it, our capitalistic based system seeks to maximize profit. Some might even add a penalty function to the objective to make it even more costly to go back to the old order. 3. Bottom line...the growth, the profits, the greatest opportunities exist in those sectors that investors are favoring. It is not some wild bubble. It is the "invisible hand" of the market driving us in the direction of the optimal solution. IMHO