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Strategies & Market Trends : Befriend the Trend Trading -- Ignore unavailable to you. Want to Upgrade?

To: Caroline who wrote (546)	8/25/1998 11:32:00 AM
From: Dr. Stoxx	Read Replies (2) \| Respond to of 39683

LU looks very promising. Good call. Again, we'll need market support for these big caps to move up consistently. TC.

To: Caroline who wrote (546)	8/25/1998 3:14:00 PM
From: Ken Adams	Respond to of 39683

CB, LU is one I've been watching myself. I was impressed to see you put both the SMA and EMA on your chart. As you noticed, the EMA is below the SMA right now. Not a strong stock at the moment. You might also find a 14 day RSI useful. It can be a great indicator, often leading price. Put trendlines and breakout patterns to work on it. RSI on the LU chart is slightly downtrending. But, it put in a short term high last Tuesday then slowly fell away. However, it failed to put in a lower low on Friday before turning up on Monday. A breakout to a level above Tuesday's RSI would perhaps signal a new price rise for LU. Good pick! Ken