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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: KM who wrote (22108)	8/4/1999 7:05:00 PM
From: pater tenebrarum	Read Replies (3) \| Respond to of 99985

Truff, yes i noticed...LU is one of the issues i constantly watch. it broke through the support provided by the highs of the previous trading range, so at the very least we should visit the lower end thereof in the low 50's area. LU is one of the reasons why i am pretty confident about shorting the semis. just like they, it had consistently strong money flow prior to the early-mid july rally and has become over-owned. the semi industry captains crow about telecommunications equipment demand driving their growth; telecom equipment cos. are being taken down - guess who's next... regards, hb