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

To: Doppler who wrote (6417)	2/22/2000 10:09:00 PM
From: Jorj X Mckie	Read Replies (1) \| Respond to of 9427

Message 12940042

To: Doppler who wrote (6417)	2/23/2000 7:36:00 AM
From: Tommy Dorsey	Respond to of 9427

I like NEM on the breakout. For trading the bell curve is very good and that is for traders. WE don't consider ourselves traders. Yes it is best to have the stock or index in X's etc.etc. for best results but often we must operate with less than optimum conditions. Trading is like picking up dimes in front of a bulldozer. I must confess I do it periodically but only on stocks that after I sell for one point, rise another 100 while I stand on the crub and watch. Traders like this need every edge and my bringing these things to your attention is only an exercist to get the thread to begin being aware of how they work. Statistical analysis is valid but has major drawbacks in the tails of the curve can go to infinity. P&F is the final word but it helps to see how many ducks are in the row before you begin a trade. Like putting together a balance sheet of debits or credits and you will only allow so many dibits on a trade before it is no longer do-able. T