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Gold/Mining/Energy : PYNG Technologies

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To: Harryx who wrote (1212)	3/19/1998 2:34:00 PM
From: the Chief	of 8117

Hi Harryx. That analysis was based on actual RT bids piling up behind the $4.90 level. I work RT and use market depth as a shortterm indicator. The bids still have not packed in below $4.80 so it is showing "in the very shorterm" that there is little support just below the $4.90 level. In the longterm, the $4.90 is important. There has never been any opportunity for backfilling between $4.90 and $3.90 (because the stock smoked thru there quickly). So if in the shortterm, if we blow thru $4.90 there appears to be little to no interest/resistance in support in the high $4.60-$4.90 range. So I am guessing we will find support shortly after that at $4.40-4.50 I like you donot hope to see a testing of $3.90 Based on previous volume and strengths I think IF we break $4.80 we will see significant support at $4.50 My opinion only, I'm no Guru, just guessing like the rest of the world. Take it for what it is worth. If its worth nothing chuck-it!! Respectfully the Chief

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