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

To: Paxb2u who wrote (83051)	4/10/2002 10:00:32 PM
From: HairBall	Read Replies (1) \| Respond to of 99985

Peter Donohue: The data does not go back far enough to allow me to cross reference horizontal price action points as Lucent put in another low today. I had to many irons in the fire today and I was not watching LU. It appears someone (the one with the price stamp) has been buying Lucent since mid March at key inflection points with price action induced selling. If so, TW was just a little early. Lucent has had three unfilled gap downs since July 2001. I think it’s likely this last one in March is going to get filled soon. However, the price action has to make it above 5 bucks, first. Of course, Lucent could retest its bottom and might set a lower low, but IMO it looks ripe for a retrace run. Strong resistance at 5, but if it gets above five I'd look for the March gap to be tested and at least partially filled. If I am right, the boyz will probably not take her above five with the first test, so a repel at resistance trade is a possible trade as well. Do your own due diligence on this one and if game, use risk capital and be sure to have a Plan A and B and use protective stops! I think the market needs to cooperate as well...<g> Regards, LG