Dorsey Wright & Associates 13F-HR Quarterly holdings report by institutional manager

The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE

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COLUMN 1	COLUMN 2	COLUMN 3	COLUMN 4	COLUMN 5			COLUMN 6	COLUMN 7	COLUMN 8
			VALUE	SHRS OR	SH/	PUT/	INVESTMENT	OTHER	VOTING AUTHORITY
NAME OF ISSUER	TITLE OF CLASS	CUSIP	(x$1000)	PRN AMT	PRN	CALL	DISCRETION	MANAGER	SOLE	SHARED	NONE
ACE LIMITED	COM	H0023R105	99	1,109	SH		SOLE	NONE	1,109	0	0
ADIDAS AG	COM	00687A107	102	1,886	SH		SOLE	NONE	1,886	0	0
ADM DE FONDOS DE PENSIONES PROVIDA	COM	00709P108	4	52	SH		SOLE	NONE	52	0	0
AEGON NV	COM	007924103	100	14,830	SH		SOLE	NONE	14,830	0	0
AFFILIATED MANAGERS GROUP	COM	008252108	49	301	SH		SOLE	NONE	301	0	0
AIG INC WARRANT 01/19/2021	COM	026874156	1	40	SH		SOLE	NONE	40	0	0
ALASKA AIR GROUP	COM	011659109	2,992	57,538	SH		SOLE	NONE	57,538	0	0
ALLIANZ SE	COM	018805101	94	6,449	SH		SOLE	NONE	6,449	0	0
AMERICAN INTERNATIONAL GROUP	COM	026874784	3	75	SH		SOLE	NONE	75	0	0
AMETEK, INC.	COM	031100100	373	8,813	SH		SOLE	NONE	8,813	0	0
ARM HOLDING PLC	COM	042068106	80	2,201	SH		SOLE	NONE	2,201	0	0
AVERY DENNISON	COM	053611109	983	22,995	SH		SOLE	NONE	22,995	0	0
BERKSHIRE CL A	COM	084670108	337	2	SH		SOLE	NONE	2	0	0
BIOGEN IDEC INC	COM	09062X103	2,815	13,080	SH		SOLE	NONE	13,080	0	0
BITAUTO HOLDINGS LTD.	COM	091727107	86	7,800	SH		SOLE	NONE	7,800	0	0
BLACK HILLS	COM	092113109	1,004	20,603	SH		SOLE	NONE	20,603	0	0
BOEING CO	COM	097023105	20	200	SH		SOLE	NONE	200	0	0
CABOT OIL & GAS CORP	COM	127097103	812	11,429	SH		SOLE	NONE	11,429	0	0
CBS INC.	COM	124857202	2,702	55,287	SH		SOLE	NONE	55,287	0	0
CEMEX SA ADR	COM	151290889	84	7,900	SH		SOLE	NONE	7,900	0	0
CHICAGO BRIDGE & IRON CO NV	COM	167250109	170	2,857	SH		SOLE	NONE	2,857	0	0
CHINA MOBILE GAMES & ENTERTAINMENT LTD	COM	16952T100	81	6,339	SH		SOLE	NONE	6,339	0	0
CIGNA CORP	COM	125509109	527	7,275	SH		SOLE	NONE	7,275	0	0
CITIGROUP	COM	172967101	5	100	SH		SOLE	NONE	100	0	0
CMS ENERGY CORP	COM	125896100	48	1,781	SH		SOLE	NONE	1,781	0	0
COMMUNITY HEALTH SYSTEMS	COM	203668108	1,536	32,764	SH		SOLE	NONE	32,764	0	0
COMPANIA CERVECERIAS UNIDAS SA	COM	204429104	4	135	SH		SOLE	NONE	135	0	0
COMPUTER SCIENCES	COM	205363104	42	958	SH		SOLE	NONE	958	0	0
CONSTELLATION BRANDS'A'	COM	21036P108	2,893	55,512	SH		SOLE	NONE	55,512	0	0
CORTEX PHARMACEUTICALS INC.	COM	220524300	1	1,000	SH		SOLE	NONE	1,000	0	0
COVIDIEN LTD.	COM	G2554F113	78	1,371	SH		SOLE	NONE	1,371	0	0
CREE, INC.	COM	225447101	1,868	29,271	SH		SOLE	NONE	29,271	0	0
CROWN CASTLE INTL CORP	COM	228227104	1,349	18,642	SH		SOLE	NONE	18,642	0	0
DAVITA HEALTHCARE PARTNERS INC	COM	23918K108	1,795	14,857	SH		SOLE	NONE	14,857	0	0
DISCOVER FINANCIAL SERVICES	COM	254709108	2,913	61,144	SH		SOLE	NONE	61,144	0	0
EATON CORP	COM	G29183103	423	6,423	SH		SOLE	NONE	6,423	0	0
EATON VANCE CORP.	COM	278265103	1,313	34,921	SH		SOLE	NONE	34,921	0	0
EQUITABLE RESOURCES INC	COM	26884L109	740	9,324	SH		SOLE	NONE	9,324	0	0
First Trust Large Cap Core AlphaDEX Fund	COM	33734K109	13,285	374,850	SH		SOLE	NONE	374,850	0	0
First Trust Largecap Core Alphadex	COM	33734K109	20,551	581,229	SH		SOLE	NONE	581,229	0	0
First Trust Mid Cap Core AlphaDEX Fund	COM	33735B108	22,173	521,239	SH		SOLE	NONE	521,239	0	0
First Trust Midcap Core Alphadex	COM	33735B108	7,907	187,139	SH		SOLE	NONE	187,139	0	0
FLOWERS FOODS INC	COM	343498101	2,484	112,663	SH		SOLE	NONE	112,663	0	0
FLOWSERVE CORP.	COM	34354P105	693	12,825	SH		SOLE	NONE	12,825	0	0
FOMENTO ECONOMICO MEXICANO SA	COM	344419106	151	1,459	SH		SOLE	NONE	1,459	0	0
FORTUNE BRANDS & HOME SECURITY	COM	34964C106	1,509	38,948	SH		SOLE	NONE	38,948	0	0
FUJI HEAVY INDUSTRIES LTD.	COM	359556206	89	1,795	SH		SOLE	NONE	1,795	0	0
GENWORTH FINANCIAL	COM	37247D106	2,801	245,492	SH		SOLE	NONE	245,492	0	0
GILEAD SCIENCES	COM	375558103	856	16,703	SH		SOLE	NONE	16,703	0	0
GREEN MOUNTAIN COFFEE ROASTERS	COM	393122106	484	6,434	SH		SOLE	NONE	6,434	0	0
GRUMA SAB DE CV	COM	400131306	127	6,953	SH		SOLE	NONE	6,953	0	0
GRUPO AEROPORTUARIO DEL SURESTE	COM	40051E202	120	1,081	SH		SOLE	NONE	1,081	0	0
HANESBRANDS INC	COM	410345102	1,862	36,208	SH		SOLE	NONE	36,208	0	0
HELIX ENERGY SOLUTIONS GROUP INC.	COM	42330P107	753	32,673	SH		SOLE	NONE	32,673	0	0
HOME DEPOT	COM	437076102	404	5,214	SH		SOLE	NONE	5,214	0	0
ICON PLC.	COM	G4705A100	91	2,572	SH		SOLE	NONE	2,572	0	0
INGREDION INC.	COM	457187102	416	6,336	SH		SOLE	NONE	6,336	0	0
INTERNATIONAL PAPER	COM	460146103	361	8,142	SH		SOLE	NONE	8,142	0	0
iShares Barclays 7-10 Year Treasury	COM	464287440	35,742	349,047	SH		SOLE	NONE	349,047	0	0
iShares Cohen & Steers Realty Majors	COM	464287564	16,108	200,950	SH		SOLE	NONE	200,950	0	0
iShares DJ US Financial Services	COM	464287770	42	589	SH		SOLE	NONE	589	0	0
iShares DJ US Transportation	COM	464287192	37	337	SH		SOLE	NONE	337	0	0
iShares MSCI Belgium Index Fund	COM	464286301	8,582	629,199	SH		SOLE	NONE	629,199	0	0
iShares MSCI Germany Index Fund	COM	464286806	9,218	371,400	SH		SOLE	NONE	371,400	0	0
iShares MSCI Hong Kong Index Fund	COM	464286871	8,717	476,850	SH		SOLE	NONE	476,850	0	0
iShares MSCI Japan Index Fund	COM	464286848	32,558	2,875,167	SH		SOLE	NONE	2,875,167	0	0
iShares MSCI Switzerland Index Fund	COM	464286749	10,008	347,250	SH		SOLE	NONE	347,250	0	0
iShares NASDAQ Biotechnology	COM	464287556	60	344	SH		SOLE	NONE	344	0	0
iShares S&P 500 Value	COM	464287408	9,259	122,195	SH		SOLE	NONE	122,195	0	0
iShares S&P 600 Small Cap Value	COM	464287879	8,041	86,058	SH		SOLE	NONE	86,058	0	0
iShares S&P MidCap Value	COM	464287705	8,564	84,568	SH		SOLE	NONE	84,568	0	0
iShares U.S. Consumer Services ETF	COM	464287580	12,526	121,321	SH		SOLE	NONE	121,321	0	0
iShares U.S. Financial ETF	COM	464287788	13,119	182,410	SH		SOLE	NONE	182,410	0	0
iShares U.S. Healthcare	COM	464287762	12,822	127,300	SH		SOLE	NONE	127,300	0	0
JACK HENRY & ASSOCIATES	COM	426281101	774	16,418	SH		SOLE	NONE	16,418	0	0
JARDEN CORP	COM	471109108	1,406	32,141	SH		SOLE	NONE	32,141	0	0
KB HOME	COM	48666K109	1,346	68,590	SH		SOLE	NONE	68,590	0	0
KROGER CO.	COM	501044101	1,544	44,709	SH		SOLE	NONE	44,709	0	0
L. M. ERICSSON	COM	294821608	74	6,601	SH		SOLE	NONE	6,601	0	0
LAMAR ADVERTISING CO.	COM	512815101	294	6,787	SH		SOLE	NONE	6,787	0	0
MARATHON PETROLEUM CORP	COM	56585A102	1,498	21,082	SH		SOLE	NONE	21,082	0	0
MELCO CROWN ENTERTAINMENT LTD.	COM	585464100	151	6,765	SH		SOLE	NONE	6,765	0	0
MENTOR GRAPHICS CORP	COM	587200106	1,149	58,754	SH		SOLE	NONE	58,754	0	0
MOHAWK INDUSTRIES, INC.	COM	608190104	323	2,875	SH		SOLE	NONE	2,875	0	0
MYLAN LABS	COM	628530107	47	1,517	SH		SOLE	NONE	1,517	0	0
NCR CORP.	COM	62886E108	334	10,117	SH		SOLE	NONE	10,117	0	0
NETFLIX INC.	COM	64110L106	2,299	10,892	SH		SOLE	NONE	10,892	0	0
NOVO NORDISK A/S	COM	670100205	139	894	SH		SOLE	NONE	894	0	0
NRG ENERGY	COM	629377508	1,090	40,807	SH		SOLE	NONE	40,807	0	0
OCEANEERING INTERNATIONAL	COM	675232102	924	12,799	SH		SOLE	NONE	12,799	0	0
ORIX CORP	COM	686330101	103	1,512	SH		SOLE	NONE	1,512	0	0
PACKAGING CORP. OF AMERICA	COM	695156109	452	9,224	SH		SOLE	NONE	9,224	0	0
Powershares Dynamic Food & Beverage	COM	73935X849	39	1,591	SH		SOLE	NONE	1,591	0	0
PowerShares Dynamic Market	COM	73935X104	40	707	SH		SOLE	NONE	707	0	0
PowerShares Dynamic Pharma	COM	73935X799	51	1,200	SH		SOLE	NONE	1,200	0	0
PowerShares Fundamental Midcap Value	COM	73935X880	42	1,991	SH		SOLE	NONE	1,991	0	0
PowerShares Fundamental Small Value	COM	73935X864	40	1,965	SH		SOLE	NONE	1,965	0	0
PowerShares Large Cap Value	COM	73935X708	41	1,626	SH		SOLE	NONE	1,626	0	0
PRUDENTIAL PLC	COM	74435K204	97	2,972	SH		SOLE	NONE	2,972	0	0
PULTE HOMES INC	COM	745867101	43	2,245	SH		SOLE	NONE	2,245	0	0
REGENERON PHARMACEUTICALS, INC.	COM	75886F107	2,388	10,619	SH		SOLE	NONE	10,619	0	0
RESMED INC	COM	761152107	785	17,400	SH		SOLE	NONE	17,400	0	0
ROGERS COMMUNICATIONS	COM	775109200	81	2,075	SH		SOLE	NONE	2,075	0	0
ROLLS ROYCE HOLDINGS LTD.	COM	775781206	66	756	SH		SOLE	NONE	756	0	0
S&P Homebuilders SPDR	COM	78464A888	36	1,234	SH		SOLE	NONE	1,234	0	0
SAP AG	COM	803054204	68	932	SH		SOLE	NONE	932	0	0
SEIKO EPSON CORP	COM	81603X108	80	11,595	SH		SOLE	NONE	11,595	0	0
SERVICE CORP INTL	COM	817565104	928	51,462	SH		SOLE	NONE	51,462	0	0
SHERWIN-WILLIAMS CO	COM	824348106	4,108	23,264	SH		SOLE	NONE	23,264	0	0
SPDR Consumer Discretionary Select Sector ETF	COM	81369Y407	29,949	528,668	SH		SOLE	NONE	528,668	0	0
SPDR Financial Select Sector ETF	COM	81369Y605	27,464	1,409,401	SH		SOLE	NONE	1,409,401	0	0
SPDR Health Care Select Sector ETF	COM	81369Y209	28,946	606,914	SH		SOLE	NONE	606,914	0	0
SPDR S&P Dividend ETF	COM	78464A763	21,575	323,787	SH		SOLE	NONE	323,787	0	0
SPRINT NEXTEL CORP.	COM	852061100	2,693	383,684	SH		SOLE	NONE	383,684	0	0
SWEDBANK AB	COM	870195104	82	3,541	SH		SOLE	NONE	3,541	0	0
SWISS RE LTD	COM	870886108	96	1,282	SH		SOLE	NONE	1,282	0	0
SYSMEX CORP	COM	87184P109	92	2,773	SH		SOLE	NONE	2,773	0	0
TAIWAN SEMICONDUCTOR MFG LTD	COM	874039100	83	4,514	SH		SOLE	NONE	4,514	0	0
TECHTRONIC INDUSTRIES LTD	COM	87873R101	79	6,581	SH		SOLE	NONE	6,581	0	0
TELSTRA CORPORATION LTD.	COM	87969N204	84	3,834	SH		SOLE	NONE	3,834	0	0
TENET HEALTHCARE	COM	88033G407	1,437	31,171	SH		SOLE	NONE	31,171	0	0
TESORO CORPORATION	COM	881609101	1,596	30,499	SH		SOLE	NONE	30,499	0	0
TORCHMARK CORP	COM	891027104	887	13,622	SH		SOLE	NONE	13,622	0	0
TRINITY BIOTECH PLC	COM	896438306	108	6,422	SH		SOLE	NONE	6,422	0	0
TRIUMPH GROUP INC	COM	896818101	1,602	20,245	SH		SOLE	NONE	20,245	0	0
TUPPERWARE CORP.	COM	899896104	1,774	22,836	SH		SOLE	NONE	22,836	0	0
UGI CORP HLDG CO.	COM	902681105	1,028	26,284	SH		SOLE	NONE	26,284	0	0
UNILEVER PLC	COM	904767704	88	2,176	SH		SOLE	NONE	2,176	0	0
UNITED RENTALS INC.	COM	911363109	1,183	23,712	SH		SOLE	NONE	23,712	0	0
Vanguard Mid-Cap Value ETF	COM	922908512	61,294	884,350	SH		SOLE	NONE	884,350	0	0
Vanguard Short-Term Bond ETF	COM	921937827	35,365	441,784	SH		SOLE	NONE	441,784	0	0
Vanguard Small-Cap Value ETF	COM	922908611	60,697	715,350	SH		SOLE	NONE	715,350	0	0
Vanguard Value ETF	COM	922908744	16,764	246,350	SH		SOLE	NONE	246,350	0	0
VECTREN CORP	COM	92240G101	638	18,850	SH		SOLE	NONE	18,850	0	0
VIPSHOP HOLDINGS LTD	COM	92763W103	95	3,256	SH		SOLE	NONE	3,256	0	0
VISA INC.	COM	92826C839	1,909	10,446	SH		SOLE	NONE	10,446	0	0
WESTPAC BANKING CORP	COM	961214301	81	614	SH		SOLE	NONE	614	0	0
WHIRLPOOL CORP.	COM	963320106	389	3,400	SH		SOLE	NONE	3,400	0	0
WORTHINGTON INDS	COM	981811102	1,324	41,751	SH		SOLE	NONE	41,751	0	0
WPP PLC	COM	92933H101	106	1,236	SH		SOLE	NONE	1,236	0	0
YAHOO INC.	COM	984332106	1,345	53,511	SH		SOLE	NONE	53,511	0	0