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Gold/Mining/Energy : PYNG Technologies -- Ignore unavailable to you. Want to Upgrade?

To: Rick Thomas who wrote (1970)	4/12/1998 9:53:00 PM
From: Rick Thomas	Respond to of 8117

Good morning LLOYD! Hope we will have the opportunity to discuss PYNG on the weekend.

To: Rick Thomas who wrote (1970)	4/13/1998 2:26:00 AM
From: Ward Nicholson	Read Replies (1) \| Respond to of 8117

Rick: You wrote: Pyng has...formed a rather classical pennant as volume and volitility has dried up. I couldn't help but relate this comment of Martin Pring's from "Technical Analysis Explained" (p. 82, 3rd ed.): "A flag that takes more than 4 weeks to develop should also be treated with caution, because these formations are by definition temporary interruptions of a sharp uptrend. A period in excess of 4 weeks represents an unduly long time for profit taking and is therefore suspect." Note that Pring (p. 83) makes one other point: "If anything, volume tends to contract even more during the formation of a pennant than during that of a flag. In every other way, however, pennants are identical to flags in terms of measuring implication, time taken to develop, volume characteristics, etc." WN