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

To: Lost1 who wrote (7191)	4/10/2000 11:35:00 AM
From: Tommy Dorsey	Read Replies (2) \| Respond to of 9427

Lost the play is still NYSE type stocks. Eventhough the NASDAQ will probably reverse up this week the internals like percent of stocks above trend line and percent of stocks on RS buy etc. are negative suggesting we play them for trading moves only. Fundamentals are of little importance in this market. Each sector should be evaluated like a commodity and traded seperately from other sectors and the market. There is now a precedent for 500 point moves in one dierction in the DOW AND NASDAQ. Don't forget that. Stick to the plan and if you have deviated from it go back and rethink your investment process. Fundamentals are of little use now. This will all change back to normal at some point but Supply & Demand has not changed. By the way did you see the article in USA Today where Cramer is blaming the media for his stocks decline. Would he give credit to the media if his stock rose. and isn't he part of the media. T