Charts for Bottom Breakout Message Board

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Strategies & Market Trends : Charts for Bottom Breakout

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To: Ed Huang who wrote (3093)	3/14/2002 11:29:26 AM
From: Tom Shutters	Read Replies (1) of 3105

Ed, I can't take my eyes off the LU chart and ticker. The shorts are in this stock big time and buyers came in this morning to support the bottom. Looks like a bear trap has formed around LU and it will be interesting to see if the shorts start covering as heavily as they shorted. The upside pressure is strong at this moment but this could change quickly. We could not resist the temptation to buy just after the bottom this morning. The outcome remains to be seen but so far so good. Tom

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