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

To: Smooth Drive who wrote (9940)	11/20/1998 9:33:00 AM
From: Al Serrao	Read Replies (1) \| Respond to of 34809

Hi Eric, thanks for the data. Looks like we have a long way to go just to get back to 95. Here is something to contemplate, if the political and monetary authorities now begin to shift toward a growth mode worldwide then what can we expect from the financial markets? Currently outside the US, the world's economy is in a deflationary spiral. The Fed has clearly given us a major buy signal with the lowering of the discount rate. It seems to me, growth will command a premium not a discount. And growth is in the US small caps and the Techs. Maybe, this is what your's and Dick's data is now telling us. Eric, is there a normal historical ratio for your data? Many thanks.

To: Smooth Drive who wrote (9940)	11/22/1998 8:41:00 AM
From: Bwe	Read Replies (2) \| Respond to of 34809

Good morning, Eric. Lucent Technologies (LU) has a lot going for it on it's p&f chart, IMHO. The stock is coming off a Low Pole Buy signal at $88 and is nearing support by way of a Short Term Uptrend Line (STUL1) at $84. Bearish Support line at $82 and another STUL2 is at $71. STUL1 is once tested on LU's recent retreat to $83. The official BSL is at $63. A Bullish Resistance Line (brl1) from the September base of $77 has twice turned back the stock now and that is my short term target for the stock at $96. brl2 from the late Aug/early September base at $83 would be a more optimistic po at $112. The RS chart is in X's after a two month trip into an O column in September and October. The stock turned back up in late October and has continued the bullish trend in November. Of the 29 days of RS values on DWA's RS Value listing, LU has outperformed the Dow on 18 of 29 days. LU is ranked a 2 (Buy) in the Zacks ranking system. Take care, Bruce