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

To: Riskmgmt who wrote (7248)	4/14/2000 2:46:00 PM
From: Mr. BSL	Read Replies (1) \| Respond to of 9427

Hi Ray. Most indicators are positive but many of the tech sector charts turned down from high levels a few weeks ago and when that happens (spring 96, mar 97, jul 98 for example) the NAZ gets pounded. Plus the wide OTC / NYSE divergence is new to all of us so most are proceeding with caution into uncharted territory IMO. We are all waiting for a bottom and many are using classic price volume action charts to find this bottom. Hopefully, the future market cycles will have the OTC and NYSE in tandem so we can go back to shooting fish in a barrel ! FWIW, Dick

To: Riskmgmt who wrote (7248)	4/14/2000 2:56:00 PM
From: Gottfried	Read Replies (2) \| Respond to of 9427

Ray, you said >so we are on offence right?< Sometimes you have to ignore the PnF indicators, I think. Maybe it's heresy to say this here. :) PnF could not predict the panic we're witnessing. Gottfried