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Technology Stocks : PairGain Technologies

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To: margin_man who wrote (35269)	12/22/1999 9:55:00 PM
From: FirstDiogenes	Read Replies (3) of 36349

IT'S UNFOLDING JUST AS I PREDICTED. The IL/LI convergence is virtually complete with the close @ 15.88 and the post buy signal is now positive with a 10% price increase factor that is significantly above the prior price decreases. The metronome divergence is self evident. The trend confirmation is reinforced by a factor of 1.66, or todays's rising volume divided by average volume. This indicates, in the absence of trend anomalies, that the $15.88 should extend to $26.375 on an intermediate basis -- but this does not preclude interim corrections. IN SUM: While profit taking @ the 18 to 18 1/2 level is feasible, the opportunity loss, as measured against the rising volume multiplier, is in the -$10.00 to -$10.75 range. Assuming, of course a base cost of $15.625 or less. FORCAST: Since PAIR closed above FirstDiogenes's average cost of 9K shares, he will likely be taking a small short term profit in the 17 3/4 to 18 area. That is a guaranteed indicator of an upward price bias to at least the $21 to $22 area -- if not to the volume multiplier target of $26

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