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Strategies & Market Trends : Point and Figure Charting

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To: Tulvio Durand who wrote (15149)	3/9/1999 2:36:00 PM
From: Ben Antanaitis	of 34812

LU update: Price is taking a hard run at the bearish resistance line on all the chart reads today. Chartcraft, $2/box and 2%log scaling have all got LU giving a 'buy' signal at or though the BRRL (BeaRish Resistance Line). On the $3 and $5/box scaling, LU is below the BRRL and not giving a 'buy'. But everything I've read or experienced in p&f says be very very careful of 'buy' signals that occur within +/- one box or so of the BRRL. The BRRL is very powerful and the supply and demanders are really fighting this out and the BRRL penetration could sill be a head fake. Oh, and the Max-Pain Point™ for LU is still at $100 for March '99 expiry day (it gets updated tomorrow evening). Bruce, Eric, Chartseer, Jan, Tom any thoughts..... Ben A.

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