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Strategies & Market Trends : Point and Figure Charting

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To: Bwe who wrote (10188)11/30/1998 5:53:00 PM
From: Judy  Read Replies (1) of 34809
 
Hi, Bruce

LU closed just a shade above your support at 86 and about to violate the 13-day ema indicating momentum impairment. Of course, one should keep in mind that it took a market selloff of 216 points to achieve this ... but how a stock performs under market pressure is key. Can you kindly give us the P&F perspective at this juncture, my dear?
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