Lunn Industries (LUNN) Message Board

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Non-Tech : Lunn Industries (LUNN)

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To: Chartgod who wrote (927)	9/25/1997 2:44:00 AM
From: Doug R	of 1436

Hi all, Just stopped by with a little TA. The first thing to mention is that the 3 day Bollinger Bands are pinched together. That means that movement is imminent. LUNN sometimes sits with the BB's together for more than one day though. The pullback in all the really short-term stuff has decellerated which hints at a turn up but I get no absolute confirmation of that. The long and intermediate-term stuff is still trending up. The inverted head and shoulders breakout in the %K component of the 89, 3, 5 stochastics that occured Mon. is still progressing nicely. On the 56 thread I mentioned some TA stuff about a triangulation occurring in the 14, 3, 3 stochastics. The current value of this indicator is up against the resistance line here and a breakout would "cause" a good upward move. Keeping in mind that I can't yet say which darn way this thing will go tomorrow, I can say that the upside potential is greater than the downside. If LUNN decides it's going to take that triangulation thing to the apex, the downside is 1 17/32 again. If it decides that Wed. is the day to break out, 1 3/4 is where the next base should occur. Well that's all for now (TAFN). Doug R

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