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Technology Stocks : Lucent Technologies (LU)

LU 2.825

-2.2%

3:59 PM EST

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To: Jerry Olson who wrote (13828)	3/6/2000 10:03:00 PM
From: Paul V.	Read Replies (1) of 21876

Options Jerry, If you use the Dorsey Wright method of calculating LU's potential highs using the Horizontal and Vertical methods, from LU's low base of $50, I come to figures of $74 for the horizontal method and $117 for the vertical method. Currently we are continuing to form the triangle formation with the current "X" column which is one dollar off the $75 recent high. IMO, I expect LU to break $75 within the next two weeks. Then, breaking the $75 double top, probability wise, the profitability is 85% with an average gain of 38.7% within 11.5 months. For the bullish triangle the profit probability is 71.4% with an aver. gain of 30.9% gain over 5.4 months. These two references of probability gives a dollar range of a top of $105.41 to $99.48. Since we have hit $75, IMO, I expect to see LU somewhere between $99 and $117 within 5-11 months. With a LU cost of $63 per share I will be satisfied with a 57% gain at $99. Just my opinions. Paul

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