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


To: Riskmgmt who wrote (3308)12/16/1999 8:40:00 PM
From: Alan Smithee  Read Replies (3) | Respond to of 9427
 
To paraphrase:

The BPOPTI has turned down, along with the other short-term indicators. Tommy suspects that the NYSEBP is about to turn as well. If it does, we've lost possession of the ball, and it's time to go into capital preservation mode. Relatively safe stocks now, GE, which could be announcing a split soon (a guess on Tommy's part) and SCOC, which was mentioned on CNBC yesterday. Pulling back to support here and presenting a good entry.