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Non-Tech : Dorsey Wright & Associates. Point and Figure
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To: Dave Shares who wrote (628)10/3/1999 8:35:00 AM
From: NickSE   of 9427
 
Dave & Tom,

Thanks for your thoughts. LU is an especially dangerous one to play short with the huge following it has (both institutional and individual). If I decide to play it will be with a 3pt reversal stop around 66/67 where the new Bearish Resistance Line would be drawn if it breaks the small new Bullish Support Line.

BTW, I was looking for another possible short and came across CIEN. Negatory mom., bear alert sector, and RS in sell make this one attrative to short at 38, right at the Bearish Resistance Line.

Regards,
Nick
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