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

To: Tommy Dorsey who wrote (7312)	4/16/2000 3:12:00 PM
From: Jerry Olson	Read Replies (1) \| Respond to of 9427

Hiya Tommy... well well, looky here<G>...the 200 dmva right on the button, and, we aren;t too oversold are we???? probably some world market carnage early on, then i guess we'll stabalize...i checked all the charts..not much downside risk here at these levels... i looked the the QQQ on both P&F and reg charts...it should rebound to 100 area which is about a 50% retrace back up from the highs to the lows... sure paints one heck of a picture tho...heck the chart on the right is like???? no where<G>...it's off the chart<VBG>... hey big guy..i am alive and still in this crazy game...a tad poorer, but i have cash, and i have Piffing...i'll do ok... the Earl has spoken...

To: Tommy Dorsey who wrote (7312)	4/16/2000 3:56:00 PM
From: HighTech	Read Replies (2) \| Respond to of 9427

Sorry, I first posted this to the wrong board: I have question about relative strength. DWA's RS, correct me if I am wrong, uses the DOW as the benchmark for comparison. There are many stocks that outperform the DOW(but possibly might not be outperforming the Naz100) and so how would one know which competing stocks to pick from many that have strong RS(outperforming the DOW)? In other words, assume you have a strong sector, five stocks in that sector from which you want to select one, and all five have just broken out and are on RS buy signals. Wouldn't it be perhaps more meaningful to compare each stock's relative performance with a stronger-performing index like the Nasdaq100 as the benchmark? After all, this index has outperformed every other index since there was a nasdaq100. And wouldn't it help to separate the real strong performers from the merely strong performers? For example, the five stocks mentioned above, when compared to the DOW all broke out in terms of RS; however, maybe only two would have broken out if the Naz100 had been used as the benchmark for comparison. Wouldn't this be helpful to the piffer in making those kind of decisions? My question itself might reveal how little I really know about how DWA uses and calculates RS. Just thinking out loud. HiTech