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Strategies & Market Trends : Point and Figure Charting

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To: Judy who wrote (863)	2/19/1998 12:35:00 PM
From: Jorj X Mckie	Read Replies (1) of 34816

Judy, Looking at the PEs of CSCO and LU seems to indicate that they are not trading at parity; LU=140, CSCO=50+. Is this relevant? Obligitory PnF: Granted, LU looks pretty good technically, it did just break through a double top after a three box reversal from a really nice runup. But from an FA perspective, it seems that LU is overpriced. If it is not, would you say that CSCO could support a higher PE? Tom

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