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Technology Stocks : Lucent Technologies (LU) -- Ignore unavailable to you. Want to Upgrade?

To: ed who wrote (3496)	8/4/1998 10:46:00 AM
From: J. P.	Read Replies (1) \| Respond to of 21876

<Do you really know how to read the chart > Sure, the little squiqqly lines on the end of the Lucent price chart seem to be going south.... <or you just have a good dream ? > I've had many good dreams, and fortunatly none of them included stocks and such....more along the lines of native girls fanning me with palm tree leaves and hand feeding me grapes.... <LU is now in a consolidation mode at this price level. > Consolidation mode? Hardly!, we have bounced around from the upper 90's to the mid 90's to well... the lower 90's. And we haven't even put in a capitulation bottom to this market yet. Do you think LU can withstand a capitulation bottom without dropping to the 80's? A consolidation to me was at 72 earlier this year where LU held that level for at least a couple of months. Just trying to see things objectively, after all the idea is to make money not to have the market justify our own ideas and favorite stocks.