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


To: Tommy Dorsey who wrote (8329)6/6/2000 9:53:00 AM
From: Dana Johnson  Read Replies (1) | Respond to of 9427
 
Thanks for the quick work. HWP looks a lot different now! I guess it is one of those 18 X's charts that OJ was looking for...

dana



To: Tommy Dorsey who wrote (8329)6/6/2000 8:26:00 PM
From: Rich1  Read Replies (1) | Respond to of 9427
 
Notice the 20djbb went to x's. Big guy explaintome what that covers I know it assumes bonds are a buy and rates going down.
What factors are in the 20 DJBB?? Thanks in advance.



To: Tommy Dorsey who wrote (8329)6/6/2000 9:02:00 PM
From: Gary Wisdom  Read Replies (2) | Respond to of 9427
 
Tom, I have a question on a stock you've traded before.

It's HAXS (formerly PAMC). It's been shorted to hell and back over the last 4 months and seems to have finally found a bottom. It's moving up with Healtheon and the sector and the buying seems very powerful at this point. It's still being heavily shorted (by the "fight to the death" shorts) but it's been up 6 of the last 7 days on good volume. There was huge block selling one day last week telling me the last major player capitulated.

It broke the 13 day ema for the first time in 4 months last week (broke above it that is) and hasn't gone back below it since. The 50 day ema is $8 1/4 and is slowly approaching it. It's broken the downtrend line and formed a beautiful cup and handle on the hourly chart before breaking over $6.

I don't know how to read your P&F stuff. Can you give me a read whether it's breaking out on your P&F basis, and if not, what would be a breakout?

Thanks.