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Technology Stocks : PairGain Technologies
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To: ratan lal who wrote (21075)2/27/1998 2:55:00 AM
From: Marc Trombella  Read Replies (1) of 36349
 
Actually, the pull back to 19 and change is bullish from my point of view. Low volume on a pull back indicates strong report. As of now, the pattern is +1 each month for support and resistance. This sort of movement is consistent with accumulation, not panic buying. We all like +2 movements upward, right? This actually disturbs me because people are typically in for "the short ride". As someone pointed out, earlier, the broadening of the bands is a good sign. PAIR is at a trend reversal, possibly. In order for this trend to continue, I'd like to see PAIR break 21 1/2 by mid-march.
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