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

To: kaz who wrote (5087)	1/19/2000 10:42:00 PM
From: Doppler	Read Replies (1) \| Respond to of 9427

Paul, Thanks for your insight. I just took the plunge and signed on DWA for 3 mo. Now another question. I thought you couldn't stop a NAZ stock. How do you set stops if you can't be there to watch them. Jeff

To: kaz who wrote (5087)	1/20/2000 1:39:00 AM
From: Ms. X	Read Replies (1) \| Respond to of 9427

Hi Kaz, I have to ask. Why did you sell INPR at 12.5? If you did because of the sell signal I have to question why with the RS in X's and all that support did you feel it necessary to have such a close stop? This isn't criticism and I see that people make this - I hesitate to call it a mistake - judgement and I'm wondering if the term "sell signal" is the reason why. With PnF you have to take everything into consideration. If the stock had broke major support and the RS in O's I could see the stop but not at the first sell. Of coursed depending if you were day trading or not but the stock reversed right back up and you were disappointed. It had a trading range. This is a learning experience of course - I tend to give more room that are overal positive and have good support even amidst a sell signal. 16.5 X O \| X 16.0 X O ------\| --------X ---------- 15.5 X O X \| X X 15.0 X --X O X O --\| X O ----X ---------- 14.5 X O X O X O \| X O X X 14.0 X O X O X O \| X O X O X ---------- 13.5 X O O X O \| X O X O X 13.0 X ----O X O X \| X O --O X ---------- 12.5 X O X O X O 1 O <--your sell point? 12.0 X ----O X O X O X ------------------ 11.5 X O O X O X 11.0 X --------O X O All this is strong support above 10.5 C O X \| the BSL. 10.0 X --------O X \| --------* ---------- 9.5 X O X \| * 9.5 9.0 X --------O --\| ----* -------------- 9.0 With ECCS I don't see where you would have entered. Looks like a couple of sell signals first? The stock is almost a Bearish signal reversal which would be positive. I do understand the sell at 15 but I don't understand where you bought it. I'd like to know so I can further help. PANL was a perfect call because that sell was breaking all support in that area and it did fall heavy after that. Good call. Also good call on Top. Can't argue with your entry or your stop on that one. Your buy on WMI must have been at the three box up from the bottom as an aggressive trade and you did exactly as you should with something that risky, set the stop and get out of the way should it go bad. I can see that you look for good risk rewards which is excellent I'd only suggest that when a stock has a lot of support consider a looser stop (considering the market, sector and RS of course) so you don't get shaken out. Jan I am