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

To: Riskmgmt who wrote (7775)	5/10/2000 4:24:00 PM
From: Tommy Dorsey	Respond to of 9427

There is no fear on the economy as long as gasoline is being put on the fire. The stockmarket is driven by supply and demand and only after the fact will we know why. It is good cocktail party discussion of why and what will happen but often times it is something we do not see at all and the Bullish Percents see. The DOW Jones 20 Bond Aveage gave a major sell signal Feb. 4, 1999 and rates began to rise for a year. The type of rates that affect business. The market rallied for a year. Now greenspan is raising short term rates and the reporters jump all over it as the culprit for the market decline. Why hasn't any of these reporters discussed the money supply. Back in the 1970's adn 1980's all they talked about was money supply. That was the big buzz word. Why not now. T