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

To: arno who wrote (8150)	5/23/2000 11:52:00 AM
From: Augustus Gloop	Read Replies (2) \| Respond to of 9427

I've noticed something that really hasn't been pounded into our heads in the 2 x 4 fashion we need. Tom has mentioned on many occasions that we need to stay parked in NYSE stocks like KO, AET etc because the Nas doesn't have the power to put forth a sustainable run. For many that doesn't jive with the high tech, fast paced investment style they're looking for. However, if you've watched, those "fast paced" stocks don't seem to be moving quite as fast anymore(they've lost their legs). Sure, they have their days but they don't have multiple days in a row with 5 - 10% moves like we saw last November. The reason for this is the unsustainable rally in techs. So here's the skinny. 1) Even if the "old economy stocks" don't meet your "fast paced" goals neither do the "new economy" stocks at this point. 2) Since 1 is true why risk the downside on tech? 3) Since both 1 and 2 are logical, why not take the more secure route (with dividends in many cases) until we get past this event? 4) Since 1,2 and 3 make sense then it is also logical to presume that people who embrace this concept also realize that just maintaining buying power for a later date will likely bring rewards. 5) Since all of the above are true why aren't we listening? No Volume, inflation, rising rates and an overall bad mood on wall street = take cover. Keep pounding us Tom!