Technical analysis for shorts & longs Message Board

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Strategies & Market Trends : Technical analysis for shorts & longs

SPY 677.58

-2.0%

Jan 20 4:00 PM EST

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To: LemonHead who wrote (35798)	1/5/2002 6:34:07 PM
From: Return to Sender	Read Replies (1) of 69917

I think a lot of caution needs to be built into our potential investments right now. LU is a stock I have traded successfully a couple of times but it is not a stock I would suggest for AIM. Lets look at the positive momentum of LU recently. The upper Bollinger Band is at 8.30 which is not out of the question short term. stockcharts.com[h,a]daclyyay[pb50!b200!d20,2][vc60][iUb14!La12,26,9!Lk14] Also take into account that the Networking Index which still looks like it could go a bit higher: stockcharts.com!b200!d20,2%5D%5Bvc60%5D%5BiUb14!La12,26,9!Lk14%5D I believe one should always trade a stock with the momentum of the index to which it is most closely related.Caution comes in when I look over the Nasdaq chart and see the indecision on Friday. We could get a good open on Monday and then begin to sell off. Check this chart carefully: stockcharts.com!b200!d20,2%5D%5Bvc60%5D%5BiUb14!La12,26,9!Lk14%5D So if I buy any LU it probably won't be a stock I hold very long. RtS

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