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

To: Doppler who wrote (5078)	1/19/2000 9:22:00 PM
From: Jerry Olson	Respond to of 9427

I think it is important to let us look at some of your stuff.. sectors have a lot to do with stock selection.. and as well..so do all the indicators.. i can tell you, that this is the only TA you'll ever need.. and without sounding condesending...if a new person goes thru the DWA site..it's really all Greek to them... it's been 2 years since i first started..and just NOW i feel very comfortable trading with this TA... next..you need to tell us what your doing...trading/investing/options etc... we can & will advise as best we can...as to entry/exits/stops etc... so hang out here..you'll meet the nicest people on SI... regards...

To: Doppler who wrote (5078)	1/19/2000 9:58:00 PM
From: Gottfried	Respond to of 9427

jb, it's important to know that PnF doesn't get you in at the bottom or out at the top. It lets you take profits from the middle with less risk. I violate PnF rules frequently when I feel sure enough and get in too soon. Sometimes it works, other times I pay for it. But the PnF market indicators are really what makes Piffers calmer than most. Gottfried

To: Doppler who wrote (5078)	1/19/2000 10:23:00 PM
From: kaz	Read Replies (2) \| Respond to of 9427

JB, I understand your skepticism based on your IFMX example. Recently I got stopped out of several stocks just this way (eccs, inpr). So I haven't been in for the run up. Know how much I lost? $100 plus commissions. If you look at inpr, you'll see why I bought at 13 and why I sold at 12.5. With eccs, I bought at 15.5 and sold at 15. Disappointing? Yes. But consider these trades: panl, I bought at 16 and got stopped out at 15.5. It then fell to 11. Topp, I bought at 10 and stopped out at 9.5. It continues to go down. Then look at my trade on cpq. I bought at 19 and set a stop for 18 (guess I was sleeping when it hit 18.5). I'm still in since P&F has given me no reason to get out. As you can see, I like to bottom fish. I miss more than I hit (I hope to choose better as I understand P&F better). But, when I miss I lose very small amounts. When I hit, well, sometimes I don't really know what to do, it being so foreign to me and all. But P&F makes it obvious when I should abandon a trade to avoid potentially large losses. My best save happened when I bought wmi at 36 (very undisciplined, I must say), and set my stop at 31. Look at what happened next. Straight line down to 14. Yeah, I'm a lousy trader. But I'm not broke. Without P&F, I surely would have ridden wmi saying, "It can't go much lower, can it?" all the way down. Also, regarding the stops on the stocks that reversed to the upside, I didn't play them properly. I fell victim to what's called a shakeout. The more experienced Piffers would not have sold as early as I did. I should have waited for it to violate its support line, or for its momentum to turn negative. I've got a lot to learn but I never worry about blowing a big wad of cash because my risk is always defined before I buy. That lack of anxiety is most appreciated at home, and will, I hope, lead to a more steady stream of successes. Regards, Paul