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


To: Patrick Slevin who wrote (3530)12/21/1999 9:06:00 PM
From: quote 007  Read Replies (1) | Respond to of 9427
 
patrick,
i'll take a stab--lcos broke a double top at 89 and a spread double top at 93--dell broke a triple top a few days ago at 46 and broke a spread qudruple top today and took out all resistance at 50
hope that helps

stuart



To: Patrick Slevin who wrote (3530)12/21/1999 9:21:00 PM
From: Ms. X  Read Replies (3) | Respond to of 9427
 
LCOS was on a sell signal prior to today's move.

94 94
93 X Top93
92 X X 92
91 X O X 91
90 ---------X O ----X ----------90
89 X O X<--This was the buy signal made today
88 X O X X 88
87 X O X O X 87
86 X O X O X 86
85 ---------X O X O X <--LCOS only traded to here yesterday
84 X O X O X which was not enough for the buy.
83 X O X O X 83
82 X O X O X 82
81 X O O X 81
80 --------X -- O<--This was the sell signal
79 X O X 79
78 X O X 78
77 X O X 77
76 X O X 76
75----------X ----O X ----------75
74 X O X 74
73 X O 73

Since today changed the trend chart from a sell to a buy
signal that is a change in the chart and automatically
generated by the database as a NEW signal.

With DELL the chart is already on a buy signal so another
buy signal does not change the signal. A buy is a buy. It
would change if it created a significant pattern like a
bullish triangle, shakeout (that would be a sell signal
first
though) etc.

50 -------------------X ------------50 -
49 X 49
48 X 48
47 X 47
46 X<--The triple top break here
45 O -- X X X ---------changed the chart to a buy
44 O X X O X O X 44
43 O X X O X O X O X 43
42 O X O X O X C O X Med42
41 O B O X O X * O<--Dell was on a sell signal
40 --O X O --O --* -------------here.
39 O X * 39
38 O *

The break of a spread quad today for Dell wouldn't show
because in the database that is the same as a triple top
break and it is also another buy signal which DELL already
had.

Does that make sense?