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Strategies & Market Trends : Point and Figure Charting -- Ignore unavailable to you. Want to Upgrade?

To: Jorj X Mckie who wrote (866)	2/19/1998 12:47:00 PM
From: Judy	Respond to of 34816

Don't just look at LU's PE. How can past earnings factor in the thousands of patents that LU holds? The market is always forward looking, I mean LU should trade at parity with CSCO in terms of market sentiment, was not referring to PEs so I should not have used the price example ... but I've been eyeballing price movements for months that way FWIW. CSCO may be able to support a higher PE, but the market has to get beyonds Chamber's obligatory warning that in subsequent quarters CSCO may not meet. Market is trying to decide if near-term uncertainty is worth the risk for long-term potential when there are other vehicles that offer a better risk reward ratio. Technically CSCO is trying to breakout, but the blocks are not rushing to push it over. Maybe for third Q window dressing.