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To: Jim McMannis who wrote (166725)6/20/2002 4:37:45 PM
From: Alan Smithee  Respond to of 186894
 
Jim:

The trouble with Point & Figure charting is that it is not a very good method of calling a bottom (or top). The charts tend to lag the market

A lot of us piffers got nailed along with everyone else back in 2000. I'd note, however, that Tommy Dorsey was cautioning to avoid the Naz and stick with the three letter stocks back then.