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

To: Riskmgmt who wrote (7760)5/10/2000 10:03:00 AM
From: Ms. X  Read Replies (1) | Respond to of 9427
 
Yes, OJ is certainly extremely bearish but I don't think you can see everyone is that dramatic.

I've been saying for a while that the market looked to me like it would be more sideways, which I think it has been to some extent and that is in fact - bearish. Or we can say perceived bearishness.

The indicators while in X's, are floating around the same area, not really moving up or down. The OPTI did have a nice move but I believe it will poop out - again.

What this means is the pickings are slim especially for those that are expecting, and used to, large market rallies.



To: Riskmgmt who wrote (7760)5/10/2000 10:07:00 AM
From: J.B.C.  Read Replies (1) | Respond to of 9427
 
DJBB is key here. As well as look at the indices such as NASD, below BRL. My opinion is that in this situation that when the indicators go to O's that would be the stronger directional move. Just as when the indices (such as NASD) are above there BSL, you can hold when the indicators go to O's and not get hurt badly, but when they go to X's you get the great moves. Hope this is understandable.

JMHO.

Jim


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