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

To: Patrick Slevin who wrote (5274)	1/22/2000 8:27:00 PM
From: Jay	Read Replies (1) \| Respond to of 9427

If we are all going to wait for the day to end to plot our X's or O's then opportunity shall be lost. Anyway, Jay, I'm not trying to mix it up here. People just look at this differently and I see what you mean. Most people would like to read the newspaper at the end of the day and view where the nut is. Makes perfect sense. I'm just looking at it and saying to myself that it's not it......but it will serve well until "it" comes along. Pat, it all depends on your horizon. Me, I'd be one of your "newspaper" guys. I stay with what appear to me to be low risk, high reward issues. If Mr. Dorsey were to use a shorter time increment to update his charts, it would just generate a lot of noise from my perspective. I could not use it, as I'm not sitting here watching the market all day. That does not mean I don't appreciate what you do. To me, it looks like a high wire act without a net, but I'm sure that for you, it's a stroll in the park. I can see where using five-minute intervals would be valuable. Since I think PnF is by far the easiest TA to use, if I were to day-trade, I would love to have something like that available. I'm sure it is only a matter of time before it is. For the record, I have friends that think I'm a trader, and move very fast into and out of stocks. They think I'm nuts and chalk much of my positive returns up to luck. They compare the tech stocks I invest in (QCOM, JDSU, NTAP, etc) to the internet stocks. I've found that trying to explain is like talking to my cat. They know better. Whatever.... I've enjoyed your posts too much to ever want to "mix it up." As someone on another thread wrote, this is much like television. He follows those that help him make money or that entertain. If they are boring or antagonistic, just tone them out. Hey, it works for me!