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

To: Ms. X who wrote (3346)	12/17/1999 2:38:00 PM
From: Ms. X	Read Replies (1) \| Respond to of 9427

Back to the Reports and Chart Lists. We've covered the Bullish percent charts. Next is (drum roll please...) Positive Earnings surprises. Example. For this report we look through the positive earnings surprise reports available on the net to find stocks that have met or exceeded the estimates of the street. We then find those that have Point and Figure charts that show demand in control. POSITIVE EARNINGS SURPRISE - Thursday, December 16, 1999 Meade Instruments Corp. designs and manufactures telescopes and accessories for amateur astronomers of all skill levels. The company also offers a complete line of binoculars. Meade distributes its products worldwide through a network of specialty retailers, mass merchandisers, and overseas distributors. As you can see from the chart below MEAD has done and continues to perform well. The stock has given multiple buy signals forming a strong series of higher tops and higher bottom. Demand remains in control and MEAD is up over 100% for the year. The RS remains positive and one other point to notice is the sector. The leisure sector is currently in a Bull Alert status at 42% making this a sector in which positions may be initiated. Okay to play here. A move to 22 will break a spread double bottom and we will use this as our stop/hedge point. Meade Instruments Corp MEAD (12/15/1999) Sector: Leisure (Risk: Bull Alert 42+) Stock Mom: Neg RS = Buy, 06/15/1999; column = Xs - Trend Chart Broke a Double Top on 10/28/1999 33 Top33 32 32 31 31 30 -----------------------------------------X --------------------------------30 - 29 X O 29 28 B O X 28 27 X C X Med27 26 X A O X 26 25 -------------------------------------X O X O ------------------------------25 - 24 X O X 24 23 \| \| X O 23 22 \| \| X <--Stop/hedge point. 21 \| \| 9 Bot21 20 -----------+-----+---------------X --X ------------------------------------20 - 19.5 \| \| X 8 O X 19.5 19.0 --------+-----+-----------X O X O X ------------------------------------19.0 18.5 \| \| X O X O 18.5 18.0 --------+-----+-----------7 O X ----------------------------------------18.0 17.5 \| \| X X O 17.5 17.0 --------+-----+-------X O X --------------------------------------------17.0 16.5 \| \| X O X 16.5 16.0 --------\| ----\| ------X O X --------------------------------------------16.0 15.5 \| \| X O * 15.5 15.0 --------\| ----\| ------X ----------------* ------------------------------15.0 14.5 \| \| X * 14.5 14.0 --------\| ----\| ------6 ------------* ----------------------------------14.0 13.5 \| 1 X X * 13.5 13.0 --------\| ----X O X O X --------* --------------------------------------13.0 12.5 \| X O X O X * 12.5 12.0 --------\| ----X 2 X 5 ------* ------------------------------------------12.0 11.5 \| C 3 X * 11.5 11.0 --------\| X --X O X ----* ----------------------------------------------11.0 10.5 B \| 4 O B 4 * 10.5 10.0 ------A O X O X ----* --------------------------------------------------10.0 9.5 X O X 8 X * 9.5 9.0 ------9 C --A \| * ------------------------------------------------------9.0 8.5 X \| * 8.5 8.0 ------7 \| --* \| --------------------------------------------------------8.0 7.5 O X \| * \| 7.5 7.0 ----O X * ----\| --------------------------------------------------------7.0 6.5 O * \| \| 6.5 6.0 ----* --\| ----\| --------------------------------------------------------6.0 5.5 \| \| 5.5 5.0 --------\| ----\| --------------------------------------------------------5.0