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

To: Tommy Dorsey who wrote (6473)	2/26/2000 2:52:00 AM
From: Paul V.	Read Replies (1) \| Respond to of 9427

Tom, When you see a formation as we have seen with LU what criteria did you use in your decision to buy it? My concern was that it could continue to move on down breaking the $50 low. Something, I am sure caught your eye, resulting in your buying LU. Was it the volley of "O" and "x" boxes or something else. Additionally, what safeguards do you normally put in place to protect you from new or lower lows. Willaim O'Neils uses the 8% percent lower than cost rule. However, as you and I recall, during a "shakeout" phase, especially, stocks like AMAT, it is easy to get shaken out and miss the big run. What are some of your specific steps which can be used to keep from being shaken out or being caught with lower lows. The OTC, IMO, is more impacted by wide swings. Many times it appears that stops are blown through. Thanks. Paul