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Technology Stocks : PWAV- the hot new IPO

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To: Minos who wrote (1140)	5/12/1998 10:38:00 AM
From: Timothy R. West	Read Replies (1) of 1491

Chart looks constructive. It may spend a week chewing through any sellers at the 20-21 level, then move to the 25 area where it bottomed back in October-November-December. After a big reaction off of 25 back towards the 21-20 support area, then it could move towards the 30 area. 30 is the technical target from the base from 20-10; measure the base of 10 points and add it to the top of the base at 20 to allow for a rally to 30. Some call this the "swing rule" in technical analysis.

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