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Strategies & Market Trends : Point & Figure - Beginners (Real Green) -- Ignore unavailable to you. Want to Upgrade?

To: leslie jo who wrote (83)	12/29/1998 4:35:00 PM
From: Bwe	Read Replies (6) \| Respond to of 322

Good afternoon leslie jo, Here are the potential Bullish Resistance Lines (brl) for LU. The first possible brl is of little use drawn above the column of October X's ending at $62. The next brl which has become a major player on LU's chart is the one drawn above the September column of X's ending at $77. This brl stopped two rallies in their tracks, and as I wrote in my previous post, Burke says that a breakthrough to the upside of a brl can be used as a buy signal. This turned out to be a good signal at $98. The next brl can be drawn above the September column of X's ending at $82, right next to that big wall of August O's ending at $70. This brl is the next target for the stock, now at $122. Moving further left still on LU's chart, the next brl in play would be drawn above the August column of X's ending at $89. This brl is now currently at $140. Take care, Bruce