Lucent Technologies (LU) Message Board

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Technology Stocks : Lucent Technologies (LU)

LU 2.890

+2.5%

Nov 10 3:59 PM EST

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To: Mark Palmberg who wrote (8480)	7/2/1999 2:49:00 PM
From: X Y Zebra	Read Replies (2) of 21876

Chart suggests that we had some short-term resistance at $69. True? Looks like we've poked through it. Unless I am missing something.... LU is in all time high territory, (used to be 64 on a closing basis and 67 intraday on April 7, 99) The above were taken out on 6-29 and 6-30.... perhaps the intraday high of 68.7 (yesterday) could have been the only possible resistance... Now, it seems that with a friendly FED (for now, as what the FED gives, the FED can [quickly] take away). * MACD Turned positive on 6/15 (a buy signal) * + DMI crossed over - DMI on 6/16 (signaling an upside trend) * ADX turned up on 6/18 (giving strength to the upside trend) * Well above 50 day ma (60.34) * Riding the upper band of the Bollinger Bands (based on 20 days), could be a possible short term negative.... but not necessarily so, as this could last for a while, however LU charts shows that it trades between the this upper band and then its moving average.... After all the above Voodoo... it seems LU may go higher... I just need some more needles and some hair from a LU [bear] doll.

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