To: Mark who wrote (31375 ) 5/15/1999 8:48:00 PM From: DWCraig Read Replies (1) | Respond to of 36349
I thought comparisons of PAIR to ADTN were a thing of the past. Apparently not. In any case, the two can certainly be compared in terms of their technicals. Here are the P&F charts for both. As you can see, Pairgain has clearly broken a major resistance line (diagonal) that dates back to February 1997. Since hitting a low of 8.0 in March, it has given three successive buy signals: One at 10.5 (double top break) One at 11.5 (double top break) One at 14.0 (spread quadruple top break) With each buy signal, each breakout, another layer of support is created. Pairgain appears to have completed a basing pattern and is now in an uptrend. The recent pullback provides an excellent opportunity to 'buy on the dip.' P A I R G A I N 20 ÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊ ÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊ 19.5 * Ê 19.0 ÊÊ* ÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊ ÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊ 18.5 * Ê 18.0 X ÊÊÊÊ* ÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊ ÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊ 17.5 X O * Ê 17.0 X O ÊÊÊÊÊÊ* ÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊ ÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊ 16.5 7 * Ê 16.0 ÊÊO ÊÊÊÊÊÊÊÊÊÊ* ÊÊÊÊÊÊÊÊÊ X 15.5 O * X O 15.0 ÊÊO ÊÊÊÊÊÊÊÊÊÊÊÊÊÊ* ÊÊÊÊÊÊÊ Ê X O ÊÊÊÊÊÊÊÊÊ ÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊ 14.5 O * ÊÊÊ Ê X O Ê 14.0 ÊÊO X ÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊ* ÊÊÊÊÊ Ê X O 13.5 O X O X * Ê X X 5 13.0 ÊÊ8 X O ÊÊÊÊÊÊÊÊX O ÊÊÊÊÊÊ* ÊÊÊÊÊ ÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊX O X O X ÊÊÊÊÊÊÊÊÊÊÊÊ 12.5 O O X O * Ê X O X O X 12.0 ÊÊÊÊÊÊO ÊÊÊÊÊÊÊÊX O ÊÊÊÊX ÊÊÊÊ* Ê ÊÊÊÊÊÊ* ÊÊÊÊÊÊÊÊÊÊX O X O ÊÊÊÊÊÊÊÊÊÊÊÊÊÊ 11.5 O X X O X X O * X X * X O X 11.0 ÊÊÊÊÊÊO ÊÊÊÊX O X O X O X O ÊÊÊÊÊ * X O X O * ÊÊX ÊÊX O X ÊÊ* ÊÊ 10.5 O X O X O X O X O Ê X O X O * X O X O X * 10.0 ÊÊÊÊÊÊO X ÊÊX O X O ÊÊO X C ÊÊÊÊÊ ÊÊX O ÊÊO X ÊÊX O X O * ÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊ 9.5 O X O X O B O O X X O X O X O X * 9.0 ÊÊÊÊÊO X O X O X ÊÊÊÊÊÊÊÊO ÊÊÊÊ1 O X ÊÊ* 2 X O X O * ÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊ 8.5 9 X O O X O X X O X * O X 4 * 8.0 ÊÊÊÊÊO X ÊÊÊÊO X ÊÊÊÊÊÊÊÊO X O X O * ÊÊÊÊ3 ÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊ 7.5 O A X O X O X * 7.0 ÊÊÊÊÊÊÊÊÊÊÊÊÊO X ÊÊÊÊÊÊÊÊO ÊÊO * ÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊ 6.5 O X * Ê 6.0 ÊÊÊÊÊÊÊÊÊÊÊÊÊÊO ÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊ ÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊ Turning to Adtran's chart, the scene is quite different. There is no clear break in a major resistance line; instead, there is a series of choppy sideways movements that suggest a protracted basing pattern. As a result, there will be more layers of resistance to overcome on the way back up. Adtran most recently gave the following signals: A sell signal at 19.0 (double bottom break) A sell signal at 16.5 (double bottom break) A buy signal at 23.0 (triple top break) If it manages to hit 26.0 on Monday, it will give another buy signal, a spread double top break. A D T R A N 37.0 Ê 36.0 Ê 35.0 ÊÊÊÊÊ* ÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊ ÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊ 34.0 X * Ê 33.0 X O * Ê 32.0 X 2 O * 31.0 X O X O X * Ê 30.0 ÊX O X O X O ÊÊ* ÊÊÊÊÊÊÊÊ* ÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊ ÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊ 29.0 X O 3 X O X * X X * Ê 28.0 X O O X O X * X O X O * X Ê 27.0 X O X O X O 8 O X O * B O Ê 26.0 X 4 O X O X O O * X O * 25.0 ÊX ÊÊÊÊÊÊÊÊÊÊ5 X O X ÊÊÊÊO ÊÊÊÊÊÊ* X O ÊÊÊÊX * ÊÊÊÊÊÊÊÊÊÊÊÊX 24.0 6 X 7 X * O X X X C 2 O * X 23.0 O X O * O X O X O X O X O * X 22.0 O X * O X O X O X O X O X X X 21.0 O X * 9 O O X O X O X O X O X 20.0 ÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊO * ÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊA X O ÊÊÊÊX O ÊÊÊÊX O X O X ÊÊÊÊÊÊÊÊÊÊÊÊ 19.5 * O X O X 3 X X O X O X 19.0 ÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊO X O ÊÊÊÊ1 O X O X O ÊÊO X ÊÊÊÊÊÊÊÊÊÊÊÊ 18.5 O X O X X O X O X O 5 18.0 ÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊ ÊÊÊÊÊO X O X O X O X O X ÊÊÊÊO X ÊÊÊÊÊÊÊÊÊÊÊÊ 17.5 O X O X O X O 4 O O X 17.0 ÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊO X O X O ÊO X ÊÊÊÊÊÊÊÊO ÊÊÊÊÊÊÊÊÊÊÊÊÊÊ 16.5 O X O Ê O X 16.0 ÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊO ÊÊÊÊÊÊÊÊ ÊO ÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊÊ This is just my rough analysis of the charts above. I'm not an expert in point and figure charting, and I may have made mistakes in their construction. I simply felt that this comparison might help to show that, on this technical basis, Pairgain is the better buy. Finally, looking at the two charts, I can easily see why Mr. Toopair identifies more with Adtran.