Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Judy who wrote (16309)	3/24/1999 2:22:00 PM
From: Jorj X Mckie	Respond to of 34810

Judy, Yes, I have been looking at the LU chart. It has me a bit confused as it has given both strong sell and strong buy signals recently. The first being a bearish triangle then a triple top break and bullish catapult. Looking at the chart with larger box sizes (which smoothes the trend a bit) makes it look more negative. On the 5 pt box size it has 2 lower highs and 2 lower lows and is close to reversing down again. Relative strength did just turn negative, though not a sell signal yet (or for awhile). Spread triple bottom at $94. If this fails I would be looking at the low to mid 80s as a target. BSL is at $82. I have opinions as to why we may be seeing weakness in LU's stock price, which you could probably guess at. I believe that NT has put in a top as well at $62. Tom