Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : PairGain Technologies -- Ignore unavailable to you. Want to Upgrade?

To: Ms. X who wrote (34741)	11/19/1999 10:21:00 PM
From: DWCraig	Read Replies (3) \| Respond to of 36349

PAIR daily point & figure chart (1/2-point boxes, 3-box reversal). Interesting that today there was more than one double top break. There was the break at 18 that exceeded Wednesday's 17 1/2 box. There was also a spread double top break at 18 1/2 that exceeded a high of 18 set in June '98 (not shown below). 19.0 18.5 X 18.0 X 17.5 X X 17.0 X O X 16.5 * X O X 16.0 X * X O 15.5 X O * X 15.0 X O * X Xÿ 14.5 X O * X O X ÿ 14.0 X O X * X X O X 13.5 X X 5 O X O * X X O X B O 13.0ÿÿÿÿÿÿÿX O X O X O 6 O * X O X O X O X * 12.5 X O X O X O X O X * X O X A X O X * 12.0ÿÿÿÿÿÿÿX O X O O X O X O X * X O X O O X * 11.5 X O X O X O X O X O X X O X O X * 11.0 ÿÿX ÿÿX O X ÿÿ* O O O X O X O X O * O * 10.5 X O X O X * 7 O X O X * * 10.0 ÿÿX O X O * O X 0 X * 9.5 O X O X * O X 9 * 9.0 O X O * O X * ÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿ 8.5 4 * 8 X * 8.0 O * ÿ 7.5 * 7.0ÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿ The next buy signal would be at 21 (after 20, the box size changes to a full point). That would exceed a high also set in June '98. The next buy signal would be at 25, exceeding a high set in March '98. The chart will reverse down if PAIR touches 17, and the first sell signal would be at 15 1/2. The bullish support line is at 13. Three consecutive buy signals. Since August, the PAIR P&F chart has given five buy signals and one sell signal that Tom Dorsey referred to (on CNBC?) as a bullish catapult formation. It turned out to be pretty bullish. I'm not an expert at these charts. If I've made any mistakes, please let me know. Thanks.