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

To: Patrick Slevin who wrote (5238)	1/21/2000 11:42:00 PM
From: Jorj X Mckie	Read Replies (4) \| Respond to of 9427

Hi Patrick, Agreed that days are a form of time. However, Dorsey doesn't chart with time as a factor, it is just that they update the charts at the end of the day rather than real time. If they did take time as a factor, then there would be a new column of Xs or Os every day or at least a new X or O in a column. This is not the case. I have gone over a couple of charts today that were exactly the same as they were yesterday. There is no way to tell if it was the same on Wednesday since the time is not charted. Hope this helps, JXM

To: Patrick Slevin who wrote (5238)	1/23/2000 12:29:00 PM
From: Ms. X	Respond to of 9427

I don't know where you get the impression that DWA charts in day's. PnF charts do not have days attached to them at all only price. In the columns we do have monthly references with 1 being for January 2 for February etc but this is like place markers. Used for a "guide" as to where and in what month the stock is doing such and such (this is good for comparing what the stock did while the indicators changed to positive or negative and this can be a much longer discussion but I hope you get what I'm saying). On the floor what the traders are concerned about is not time or what day the stock broke out but that it did. We do that here, for those that are trading not day by day but for longer term trades if you will, and also for those looking to invest. Let's say you know the fundamentals of company XYZ are excellent but the chart has been on a freefall. You want to wait to see that demand comes in before you buy. So, you analyze the chart and wait for a buy signal to happen or a particular chart pattern, a base - whatever you need to give you confidence to move into the stock - either long term or trade. You didn't look at the month or the volume you just looked at the chart pattern. Same with the guys on the floor. They only look to see if the stock broke out or usually made a specific pattern. I know traders love triple tops and bullish triangles. So, they would chart and would wait for that signal to happen and then they are in the stock. This could happen at 10:00am or at 2:00pm on Monday or Thursday - doesn't matter, it's the pattern and chart break that matters. I'd like to know where you see DWA tracks in days. That way I can clear it up a little better. I'd also like to know if what I said makes sense. These are very good questions and people are always confused about the time factor. Thanks, Jan