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Technology Stocks : PairGain Technologies
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To: P314159d who wrote (34635)11/15/1999 8:11:00 AM
From: Doug R  Read Replies (2) of 36349
 
P,

The method is somewhat related to Andrew's Pitchfork. I developed it on my own but there are probably others who have found it too. You'll have to ask some of the people who've attended my seminars about its accuracy and usefulness. It doesn't guarantee that the price will go there but it does, very frequently, nail the tops when a stock does move. I have also applied it to a few technical indicators and came up with a concept for them which I call "temporal clearance". When an indicator has reached temporal clearance, the price will often make a significant move. On PAIR's 4,3,2 stochastics, temporal clearance will be reached sometime today or tomorrow. I think we're looking at a good possibility for 17 5/8. That's where the line I gave you the dates for intersects a similar line which starts at the low on 10/15 to the high on 11/3. Intersections tend to be very accurate.
The chart's getting interesting.

Doug R
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