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Technology Stocks : Lucent Technologies (LU)
LU 2.660-1.5%Dec 12 9:30 AM EST

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To: RetiredNow who wrote (2143)4/8/1998 7:55:00 AM
From: qdog  Read Replies (2) of 21876
 
Resistance at around 60 and 50 Day Moving average at 56. Test of that average is probably underway. The overall market is probably correcting 6-10%.

Nervousness over earnings, thanks to pre announcement warnings and Mototrola's warnings about future Q's. AMD lost more money than expected and blaming Asia. Microsoft under siege by DOJ. Then there is the plain old overvaluation of stock in general. Nothing goes up forever.
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