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

To: Judy who wrote (10574)	12/1/1998 6:20:00 AM
From: Bwe	Read Replies (3) \| Respond to of 34809

Good morning, Judy. LU couldn't make it through the $91 tops it had made on two previous occasions in November. A move to $92 would now be a Quadruple Top buy signal and would be a very strong signal. Important support at $86 from a Short Term Uptrend Line (STUL1) and the next p&f sell signal would be at $85. STUL2 is at $73, and the stock's "official" BSL is at $65. The p&f chart shows further support after $86 by way of a Bearish Support Line at $80. The stock also bottomed out at $83 on previous mid-November weakness and it's likely buyers might step up to the plate at that level once again should the stock violate it's STUL. The upper end of LU's current trading channel is at $98. If STUL1 is broken with a sell at $85, I would expect that the stock could show weakness to the $80 level. LU has been an average market performer over the last month or so, pretty much reflecting and performing in line with the Dow. Of the last 29 trading days, LU has outperformed the Dow on 15 and underperformed on 14. LU has been an average performer, which isn't such a bad thing, and, at the $80 -$85 level, represents good value, IMHO. Take care, Bruce