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Strategies & Market Trends : Charts for Bottom Breakout -- Ignore unavailable to you. Want to Upgrade?

To: Ed Huang who wrote (3091)	3/12/2002 12:48:24 PM
From: Tom Shutters	Read Replies (1) \| Respond to of 3105

Ed, we placed a buy at 5 on LU but I was not willing to chase the price up today. There may be a retest of 5 today or tomorrow. It was difficult to get a good chart reading on LU this morning and the bad news may not be over. I agree with you 100% on two points. Short term is definitely the way to trade at this point and the market is top heavy. I have been concerned over the top heavy condition for about three weeks. I like to see the overall market in a potential upside and the current potential is down. What a great time for traders. I may have to buy some real software to help me identify the opportunities. Good luck Tom