Lucent Technologies (LU) Message Board

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Technology Stocks : Lucent Technologies (LU)

LU 2.745

-2.8%

3:59 PM EST

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To: Techplayer who wrote (13813)	3/5/2000 8:56:00 PM
From: Jerry Olson	Read Replies (3) of 21876

hi everyone... just from a technical point of view..i use Point and Figure charting ala Dorseywright..and assoc.. this stock has broken very tough resistance at 58...after warning and selling off large in early Jan, it has moved sideways and consolidated thru this last breakout.. as we speak..it's begining to form a bullish triangle, like this..i think it's going to move to 69 on my charts, then reverse back up here to break the double top at 76, and head straight for 100... so before everyone bails out here..take a moment and think about the markets, the direction of Telecom etc...LU plays a major big cap role in this area... every stock is entitled to a bad Q or 2... i would weigh heavily what your about to do.. i am long the Apr 60 calls at $4.00...there 12 right here, and i expect this senario to unfold as i've posted here... i do not do FA on stocks on this caliber... good luck..OJ...

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