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Technology Stocks : PairGain Technologies

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To: Bill who wrote (21834)	3/19/1998 9:40:00 AM
From: Rick Smith	Read Replies (1) of 36349

Bill: PAIR was featured on Dorsey Wright's (of point & figure fame) Page. "PAIR (20 1/4) will break a spread quadruple top at 22. A breakout here would take PAIR through resistance dating back to January. The relative strength is negative but a breakout here would also put the trend back to positive. OK to take signal here and buy PAIR with a stop of 17 1/2." Nice to have the master chartist confirm my read from a few days ago. I still believe we will be looking at 20 by Friday, but may give it a run next week. There will probably be traders selling into the Rockwell news the next couple of days. Good Luck to All. R..

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