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Strategies & Market Trends : Befriend the Trend Trading -- Ignore unavailable to you. Want to Upgrade?

To: Ken Adams who wrote (2898)	2/2/1999 2:23:00 PM
From: Dr. Stoxx	Respond to of 39683

I agree on PCMS. I'm still in from 8.5 (sold some off at 10) and looking for at least 12 near term. But there seems to be very strong resistance to closing above 10. TC.

To: Ken Adams who wrote (2898)	2/2/1999 8:47:00 PM
From: Dr. Stoxx	Read Replies (1) \| Respond to of 39683

Ken, Was not happy with PCMS's selloff today, of course, but chart-wise it seems to be setting up an ascending triangle as a way of consolidating momentum before breaking through 10. If it helps, know that I bought back the shares I sold at 10 just before today's close (at 8 7/8). We should see a few more days of up-and-down bouncing off of 10 and rising support, before higher prices. But just in case, I've got a "mental" stop on this one at 7.125 (just below the beginning of the triangle). TC.