L , Loews Corp.

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Loews Corp. has been trading around $37 now for about 3 months, or , if you take a broader view, 6 months. The action has the look of a triangle, perhaps not a perfect one but a triangle nevertheless. It is entirely possible that we are presently still in wave c and not in e as shown in the chart, but that does not rhyme well with many other triangles that can be observed. So, assuming this is correct, we should be going down soon. A break of $36.5 will be needed to add confidence to this outlook.