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Strategies & Market Trends : Zeev's Turnips - No Politics -- Ignore unavailable to you. Want to Upgrade?

To: Jane4IceCream who wrote (25755)	1/30/2002 9:55:41 PM
From: sylvester80	Read Replies (1) \| Respond to of 99280

Good spot. I picked up a huge amount today at 6.3 as well (3 times what I had before and I had a lot :). I have a very nice uptrend chart on LU which points to about $9-10 during the next 7-10 weeks. We hit the bottom of that uptrend channel today and we bounced like a freaking rocket to close up for the day. Here is how you can track the channel. Draw a one year chart. Draw a trend line from the high in July to the high in November. Now copy that line and move it till it intersects today's low. You will see that it also intersects the Sep low and the Dec support low. Everything between the June low and now will be within this channel. In 7-10 weeks we should be touching that upper trend line around $9-10. How's that for forecasting? Thank me in 7-10 weeks but remember this is JMHO.