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

To: Doppler who wrote (5342)	1/24/2000 12:37:00 PM
From: Ms. X	Read Replies (1) \| Respond to of 9427

Hi Jb, Anytime you have the beanstock (love that term - thanks :-) happening you must wait for a retracement. In fact, it is more than that. You must wait for the pullback and then the reversal up from that pullback. What that does is ends the pullback (with the reversal up) giving you a guide of support. If you tried to guess when the pullback was over you could be very surprised, and not in a good way, by it continuing to move further. With the reversal back up you have a close stop. Here is an example of what it would look like. X X O X O X O X O X O X O X O X O X O X O X O <--Pullback. X X X O X O X O X O X O X O X O X O X <--Reversal back up and entry point. X O X X O X X O <--close support. X X X O X O X O X O X O X O X O X O X X O X ? X O X ? X O ? X ? <--Close stop point should the stock continue to move down.