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

To: Alan Smithee who wrote (3539)	12/22/1999 12:35:00 AM
From: Patrick Slevin	Read Replies (1) \| Respond to of 9427

I think what the key phrase is , is "RS reverses to X's" In other words, the stock moved up but relative to the Sector it's not keeping pace. Just a guess. It's late and I am not certain. EDIT I think a clue to that may be found on Pages 88, 89 of the book.

To: Alan Smithee who wrote (3539)	12/22/1999 11:56:00 AM
From: Hardline	Read Replies (1) \| Respond to of 9427

VNTV is being taking over by PSFT. It would be better to make your decisions based on the acquiring company. Hardline

To: Alan Smithee who wrote (3539)	12/22/1999 3:16:00 PM
From: Ms. X	Read Replies (1) \| Respond to of 9427

I don't know the momentum calculations but if the market that it is compared too is moving faster than the stock no matter how well it does, it can go negative. Ask Jay or Tom for the calculation on the momentums.

To: Alan Smithee who wrote (3539)	12/22/1999 4:45:00 PM
From: james ball	Read Replies (1) \| Respond to of 9427

There was a post that the stock was being taken over by peoplesoft so be sure to look into that. As far as momentum goes it really has nothing to do with the chart. It is like a MACD. We use 1 week and 5 week moving averages that are weighted and smoothed. We then look for the 1 week to cross the 5 week. When the 1 is above the 5 it is positive and when it is below it is negative. Typically the momentum will be positive or negative for 6 to 8 weeks and is an indication of strength or weakness in the stock. It does not correlate to an index or other sector calc. We use it as an additional tool to help time trades. It is not something we would use by itself. Often if there is a stock that is controlled by demand in a strong uptrend and the weekly momentum turns negative then we would look for a pullback before initiating a position. If I see a stock that has pulled back to support and the momentum has JUST turned negative I will consider holding off buying to make sure the stock can hold the support. jay