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Strategies & Market Trends : Stochastics -- Ignore unavailable to you. Want to Upgrade?

To: kvogel who wrote (843)9/7/1998 3:23:00 PM
From: Wayners  Read Replies (1) | Respond to of 927
 
I think PAIR at $8.00 is ridiculously low. 5 day stochastics gave a buy to cover signal on Friday, so I would expect a bounce here. I'd expect an initial bounce to no more than $10. Look for a double bottom or head and shoulders type bottom. I'd expect it to retest lows again. After that, $12 1/2 is possible, as that is the next major resistance level up. I don't generally like to pick bottom on stocks because it is a high risk play.


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