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


To: Ms. X who wrote (7960)5/15/2000 5:19:00 PM
From: Ms. X  Read Replies (1) | Respond to of 9427
 
Correction...

I misprinted something on the last part of the DWA technical indicator review.

What was printed:
Over the Counter
Symbol Date Level Current Change Status Column
BPOTC 05/09/2000 42.000 40.800 -9.2 Bull Correction O
MOOTC 05/12/2000 50.000 50.360 23.8 Bull Alert X
PTOTC 05/12/2000 20.000 24.430 0.3 Bear Confirmed O
RSPOTC 05/12/2000 34.000 33.970 0.0 Bull Correction O
RSXOTC 05/12/2000 28.000 30.640 0.1 Bull Correction O
TWOTC 05/12/2000 24.000 21.900 0.5 Bull Alert X

You can clearly see there are mostly O's here. The Momentum is in X's and improving (we know this because the "Current" is higher than the "Level") The change for the BP is down for the week but the Current is still higher than the Level. Being that it is in O's this is not good. The TW, ten week, is in X's but the Current is now below the Level and close to reversing down. Perhaps a new O will be added here soon.
The OTC still looks pretty bad. Clearly, the NYSE is the place to be.

The bolded should say...
The Current is Lower than the Level and being that the chart is already in O's this is not good. I'll add here that the lower reading is not enough for an additional O, but it is lower none the less.

Sorry 'bout that.