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Gold/Mining/Energy : PYNG Technologies

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To: Less who wrote (1564)	3/26/1998 12:10:00 AM
From: Jack Rayfield	Read Replies (1) of 8117

It is great to hear that someone who lives so close will be contributing to this tread. Hope to hear from you soon. This stock is making a very clear flag pattern. With the abrupt run up on heavy volume and the correction to the prior rally top on decreasing volume. If it closes above 5.85 tommorrow then the flag will be confirmed my "Technical Analysis of Stock Trends" reference states the next rally should continue to 8.50. PYT has already made two flags and carried through to the expected points( rally 1.50 to 3.00 implication 4.50, rally 3.00 to 4.50 implication 6.00). An alternative reading would be to look at the whole advance as a larger flag (rally 1.50 to 6.70 implication 11.90) but I think that this is alittle to optimistic. As Chief has stated several times I love the way this stock rockets and backfills all the time creating a higher and higher base. Tommorrow should be great I predict 6.50. Sapper how about an update on the House positions. I bet they have changed quite a bit in the last couple of days.

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