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Strategies & Market Trends : Technical analysis for shorts & longs -- Ignore unavailable to you. Want to Upgrade?

To: Clint E. who wrote (15824)	5/4/1998 2:51:00 AM
From: Johnny Canuck	Respond to of 69790

Thanks Clint, Interesting links. The LU downgrade was in an article on overvalued stocks. They had Laslo Biryini's company look for S&P stocks abnormally above their 200 day moving average. The average S&P stock is currently 11 percent above its 200 day moving average. LU, GTW, DELL, EMC, GIC, AAPL, TAN, TCOMA, CSCO, CCU, HON, MSFT, TLAB, MCIC were all hitechs included in top 50 stocks that were most abnormally above their 200 day moving averages. They quoted a Schroder and Company analyst who down graded LU from buy to hold recently. He has a target price of 77 for the year based on 1999 earnings of 2.20. See you in a week. Harry