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

To: Rich1 who wrote (7272)	4/15/2000 10:04:00 AM
From: Ditchdigger	Read Replies (2) \| Respond to of 9427

Hi Rich, <Some bargains out there now JDSU,ORCL,MFNX,NTAP,CSCO> PE's JDSU n/a ORCL 153 MFNX n/a NTAP 335 CSCO 165 The question comes to mind, are these really bargains? Granted we are only interested in the preception of the bargain,,but I'm wondering if investors will pay a bit more attention to PE ratios after this market event..just thinking out loud,,speaking of PE's I bought COMS and NOVL,,already in the hole,,cut by a falling knife<g>.Both broke their DB's Fri(actually a TB on coms),,but then, what didn't<g>..DD

To: Rich1 who wrote (7272)	4/15/2000 10:40:00 AM
From: Doppler	Read Replies (1) \| Respond to of 9427

One thing I'll be watching is the volume. I said last week wasn't a capitulation day because of two things. 1-lack of true capitulation volume, and 2-lack of true fear (ie still buy the dip talk, and put/call ratio). I don't think the NAZ will truly capitulate until we get a blow off 3 billion plus share day. I would also like to see the put/call ratios. As of yesterday morning, they were still not bearish enough for a sustained turn around. I put in some more GTC orders on QCOM, JDSU etc, right near the MAJOR support levels, but your point about the Tom's book brings something home. Even at these levels, I should wait for the reversals on their charts to bottom fish.