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

To: Ms. X who wrote (7283)	9/15/1998 11:13:00 AM
From: Ms. X	Read Replies (1) \| Respond to of 34809

LU; Breakdown today. I know I just put LU on the list of good things but... it broke down today. Damn. Double bottom break and violation of the bullish support line. Hold off on LU for now.

To: Ms. X who wrote (7283)	9/15/1998 1:10:00 PM
From: Mr. BSL	Read Replies (2) \| Respond to of 34809

Hi Jan. I got out my magnifying glass to check the Chartcraft short term indicators. The 10 week has gone from 9.6% to 15.9% as of last Thursday. Friday and yesterday were up days. This indicator goes Bull Alert at 16%. We should be there. The thirty week is at 14 1/2% as of last Thursday and needs to get to 16%. The Hi/LO is getting stronger. Remember about 4 - 6 weeks ago we got a bunch of selling climaxes but no market bottom? I believe that the bullish sentiment was a lot higher then than it is now. Last week we had one buying climax and 89 selling climaxes on the NYSE. It looks like a bottom, walks like a bottom and talks like a bottom. We just have to wait for the NYSEBP to confirm the move off of the bottom. See you in the Pharmacy after I check out the bargains in the Telecom department!