Lucent Technologies (LU) Message Board

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Technology Stocks : Lucent Technologies (LU)

LU 2.755

-2.5%

10:47 AM EST

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To: X Y Zebra who wrote (5366)	1/8/1999 11:41:00 AM
From: X Y Zebra	Read Replies (1) of 21876

Looking at price action in the last three days or so... Are we finding sellers at $120.00 ? Why ? Looking at these indicators: (Modern Era Voodoo). On Candle Charts : is LU forming an "Upthrust Top" (where market tries to go through a specific level (120), and then retreats... sometimes considerable. Supported by: MACD beginning to look a bit topsy. ADX still rising (maintaining current trend), but above its 40 level, a downturn here could represent a possible change of trend . 90 Day MA sitting at 90.5 which seems to be first line of support. (that is a 27 point fall from 117.5, where LU is at this moment....) Overall market seems to have more power yet, but seems to be running out of fuel ? News out of Brazil not too good.... Market ignores ? hmmmm. On the other hand this could actually turn to be good news as it w ___________ Long term I am o.k. LU will continue to power on up, (My Opinion). But Short term is it taking a breather? Making me a tad nervous, maybe it's the lack of oxygen ? At this level, taking a bit off the table wise .... ________________ Comments please? Looking for other views. I will be back later. TIA p.s. I never give advice.... not capable and I have no PHD either. Besdides, I would not trust my own.....

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