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Technology Stocks : PairGain Technologies
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To: David Howe who wrote (34565)11/9/1999 9:36:00 PM
From: FirstDiogenes  Read Replies (2) of 36349
 
Be careful David Howe!

I've used that site a lot. Keep it mind it is a computer generated opinion--very mechanical. It tells you when a stock HAS performed strongly but IMO has litimited value in a predictative sense.

It is the sort of charting that will give you a strong sell signal when a stock is a screaming buy, i.e. PAIR @ 8, MLTX @ 14. In other words it is a great confirmer of strength i.e. that a stock has moved above its 20 or 50 EMA etc.

PLEASE NOTE: I'm NOT taking issue with PAIR's substantial show of strength here I'm only suggesting that:

A. It is a confirming indicator of strength not a dependable indicator of upward movement.

B. It can be a pretty good contra indicator. When it's giving you 80% to 100% "Sell" signals on a stock you follow closely and know -- that may be the "bottom/buy signal"

Regards & Good Luck!
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