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


To: J.B.C. who wrote (6578)3/1/2000 11:50:00 AM
From: Tommy Dorsey  Read Replies (4) | Respond to of 9427
 
Well this is a good day for me, as LU was my #1 pick on CNBC the other night. It was the "teaser" they do before the actual show goes on. You have to give your favorite stock. It was like deja vu as it was about 3 years ago when Susie Garub asked me out of the blue for my #1 stock and I went blank for one second then blurted out Lucent. I went back to the office that afternoon and thought to myself that I should put my money where my mouth was. I bought a substantial amount of the stock for myself and the few clients I manage and the stocks was like $27 at the time. It subsequently went to $114 split two for one and went back to $100. The other night was the same and again I had a ton of the stock and did tell them I owned it prior to the show so everything was above board. Today it's up $10, what a gift and lucky I said it on CNBC. Tom



To: J.B.C. who wrote (6578)3/1/2000 2:16:00 PM
From: Mr. BSL  Read Replies (1) | Respond to of 9427
 
isn't amazing that the P&F charts often portends the news!

The great technicians throughout the history of the stock market all say that the news shows up in their charts before it hits the streets. Jesse Livermore said that there was bad news forthcoming for the California railroads based on price action. He sold short and the next day the San Francisco earthquake hit!!! There is no way to tie the two events but the bottom line is that the charts announce upcoming news events over and over again.

Dick