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Strategies & Market Trends : Piffer OT - And Other Assorted Nuts -- Ignore unavailable to you. Want to Upgrade?

To: Tigress who wrote (12638)	1/7/2000 3:17:00 PM
From: Carolyn	Read Replies (1) \| Respond to of 63513

Thursday, January 6, 2000 5:17 PM As this is being written, 6:00 p.m. Thursday, LU is down about 20 points on earnings news. Below we have shown you the 2 point per box chart of LU. It looks like the chart will be carried down to the 52 box on this chart. Of course we will have to see what Friday brings before we actually record it on the chart. Notice that the stock is now down at the long term bullish support line and is at an area where it has found support in the past. A move to 46 would violate any support on this chart. Needless to say, it is also 100% oversold on a ten week trading band basis. As for new positions in LU, we would want to wait and see if the stock can at least reverse up three boxes on the chart and firm up in this support area. Waiting for the three box reversal up will give you a logical stop loss point on the next sell signal if you are trying to bottom fish LU. We will keep you updated as the chart develops.