Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Rich1 who wrote (3752)	12/29/1999 11:37:00 AM
From: Ms. X	Read Replies (2) \| Respond to of 9427

Remember indicators can always go lower but yes, the downside risk isn't nearly as bad as if the indicators were all up in the red zone (above 70%). We'd be building bomb shelters if they were but instead we are just applying the 20proof sunscreen. A contrarian buy? I'm not sure what you mean. Do you mean with it in O's at 30%? Or where it is in X's right now? Any time the NYSE BP is in X's below 50% we are in good position. If it is below 40% even better and below 30% is Holy ground. Don't assume that 18.5% could be the end of the slide but you are right that the downside isn't as severe. When the indicators reverse down at low levels it is like a pullback in the market - which is needed and normal. Above 70% could set a correction in the market. Big difference. If all the indicators reverse up from here we have a good position in the market especially if we get buy signals at lower levels. Not as good as if they all were down below 30% but good none the less. Let's see if that High Low can get any better. Hasn't been looking good however.