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Strategies & Market Trends : Point and Figure Charting -- Ignore unavailable to you. Want to Upgrade?

To: lobster who wrote (145)	1/28/1998 11:19:00 AM
From: Ms. X	Read Replies (2) \| Respond to of 34809

Oh, no. Thank YOU Lobster for setting it up. It will be good once we have our own room. Tom and I had a lot of technical difficulties. I asked Tom this morning what he thought of the chat and he said it was good for the first try. He will be back to join us as long as his schedule permits. My guess is he won't be able to stay away. He loves this kind of stuff. How long have you been a broker? How did you first hear of P&F? Are any of the brokers you know considering learning P&F too? Any ideas on promoting P&F further. Would love to hear your thoughts. Talk soon, Jan

To: lobster who wrote (145)	1/28/1998 11:47:00 AM
From: Ms. X	Read Replies (1) \| Respond to of 34809

Article from Barrons, for P&F and cigar enthusiasts... STOCK MARKET TECHNICIAN LAUNCHES A CIGAR FOR WALL STREET When it comes to making sense of the eye-blurring mass of Xs and Os on Wall Street's point and figure charts, the genial Tom Dorsey is an acknowledged expert; he's also a cigar aficionado. The technical analyst combined his world of point and figures with a hot trend and put the tools of his trade, the ubiquitous X and 0, on a brand of premium hand-rolled cigar he calls the "Dorsey-Wright XO." As president of the Richmond-based Dorsey, Wright & Associates, Dorsey sends out his "Morning Market Comment" to some 20,000 global investment clients. He publicized his new cigar venture by mixing it in with his daily dose of buy-and-sell recommendations. He told his subscribers that he had smoked a wonderful new cigar from Nicaragua. The cigar was being imported by an outfit in Houston, and the rest, as they say, is history. As Good as Cuban "I was so impressed with its quality and smoke I put my corporate band on the cigar and decided to offer it to my clients who smoked cigars," Dorsey said. "It's as good as any Cuban I've smoked and I've bought a bunch of Cubans for a lot more." A box of 25 sells for $150 ($6 each). "I'm selling only one size, a 6 7/8 inch by 48 ring gauge," Dorsey said. "It's a great daytime or evening smoke." The ring is the measurement of the diameter of the cigar in 64ths of an inch. The Dorsey-Wright XO 48 ring cigar is 48/64ths of an inch thick. The guts of the cigar, the binder, filler and wrapper, are 100 percent Nicaraguan, from the Jalapa Valley, one of the country's prime tobacco growing regions. The cigar, shipped directly from Dorsey's Texas-based supplier, comes in a varnished cedar box with the "Dorsey-Wright XO" logo emblazoned on top. A green and white Republic of Nicaragua tobacco export stamp seals the right corner. "I think the XO is a unique band and clients get a kick out of it," Dorsey said. "The XO defines a lot of people in the stock market of late and clients have been giving the cigars as gifts. It's becoming a Wall Street sort of thing -- a cigar an investor can identify with." Dorsey said he's not in the cigar business to make big bucks. He considers the XO a labor of love for his cigar-smoking clients and anyone else who has the urge to try one. Wall Street Cigar "Cigar smoking is my one vice," Dorsey said. "I'd never recommend anything to my clients that wasn't worthwhile and from the response I'm getting, they're loving these cigars. I guess I've sold over l00 boxes since December. "I recognize everyone's taste in cigars is different, but I've smoked a lot of cigars in my day and for the price, quality and value, this Nicaraguan cigar is good enough to have my name on it," Dorsey said. Dorsey is author of "Point & Figure Charting, the Essential Application for Forecasting and Tracking Market Prices," which explains this type of analysis to the average investor. Point and figure charts, one of the four main types of technical analysis used to track stock and commodity prices and market trends, are the oldest form of technical analysis in America today, Dorsey said. "It's the most logical and organized way of recording the battle between supply and demand," Dorsey said. "The main difference between point and figure charts, bar charts, line charts and candlestick charts, is the Xs and Os just look at pure price movement without a time dimension." In the charts, columns of Xs show when the price of a stock, an equity index or futures contract is rising, while columns of Os indicate declines. Point and figure charts were developed by Charles Dow, the first editor of the Wall Street Journal. To order the Dorsey-Wright XO, call (713) 248-3836. --Jay M. Amberg in the Princeton newsroom (609) 279-4690 ÿ