Lucent Technologies (LU) Message Board

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Technology Stocks : Lucent Technologies (LU)

LU 2.415

+1.9%

Nov 21 9:30 AM EST

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To: Mark Duper who wrote (6400)	2/22/1999 2:15:00 PM
From: Jorj X Mckie	Read Replies (1) of 21876

Mark, Hmmmm, I don't think so. Not yet. Internal market indicators are still very negative. I'm guessing that this is just an oversold rally for the market in general. It was also pointed out to me in a PM that $108 may be a difficult point to get through as this may just be a retracement of a bearish triangle. When a tweak the chart (3 pt box size for you other PnFers), there seems to be some merit to this. I am not ready to dive into LU yet with the market still not looking really strong and the possibility that LU may not be ready for its next leg up. Of course, I could be wrong. JXM Tom, what do you think now? Clear sailing to $120?

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