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


To: Jorj X Mckie who wrote (6808)3/15/2000 11:44:00 AM
From: Ms. X  Respond to of 9427
 
With the DJBB reversed in O's and on yet another sell signal - combined with the OPTI, OTC and NYSE BP in O's...

Things ain't gonna be pretty.

However, once again things are at low levels and at major support with these indicators. But, there are sectors that were above the 80% level (yikes) that have reversed down and positions in those should be watched carefully - Bio's is a biggie.

Look at sectors that are washed out like Banks and especially drugs.

Be careful. The DJIA has already oversold but the Nasdaq with the OPTI and OTC turning is highly suspect. If trend charts start to break down covering wouldn't be a bad idea.

I exited all my recent trades nicely and entered a leap on CMB and NKE to broaden my portfolio. I will probably still enter some tech trades but with less vigor than a month ago.

Back to work. The PnF University has me in shackles!!

Miss ya all.

Jannie