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


To: Jorj X Mckie who wrote (8055)5/18/2000 4:56:00 PM
From: John Pitera  Read Replies (1) | Respond to of 9427
 
Hi Tom,

CSCO is pulling into the 200 DMA ave station right about
on schedule, I'm starting to get Downright bullish on
CSCO, I came very close to buying some today, Maybe one
or two more days.

It looks like CSCO will have a very nice momentum divergence
buy signal as well.

I would actually prefer it to take out the April
Low in the next few days, and hit or get very close to
the 200 DMA.

A rally off of the april low right now would probably set up
a weak rally and then a break of the april low and a
touching of the 200 DMA in 3 or 4 weeks.

JMO

John



To: Jorj X Mckie who wrote (8055)5/18/2000 5:04:00 PM
From: Tommy Dorsey  Respond to of 9427
 
yes Tom Trend line right below. The reversal in RS coming Tuesday suggests I hedge postions if I want to keep CSCO. We'll see how it does after expiration. t



To: Jorj X Mckie who wrote (8055)5/18/2000 5:51:00 PM
From: OX  Respond to of 9427
 
Tom, Tom, or anyone...

I wonder why that is? that the BSL will more often than not correspond to a substantial MA like 200dma?

this pnf is some powerful stuff (in the right hands :-)