Steve's Channelling Thread Message Board

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Strategies & Market Trends : Steve's Channelling Thread

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To: Zeev Hed who wrote (2609)	6/21/2000 4:14:00 PM
From: Logain Ablar	Read Replies (1) of 30051

Hi Zeev: I have a PnF buy signal @ $66 on QLGC (2 pt chart) and its good to see the last two days repair the technical damage when the stock crashed to $40. I can see it rebounding to $80 short term on short covering. If ANCR's director switch is selling as much as rumored QLGC (we'll need actual facts from the ancr earnings cc this quarter) will rebound nicely. Even on a NAZ pullback the bullish support line is now @ $52 and should continue to rise. Its relative strength is still weak but much stronger than a week ago. Funds may be slowly moving back in. I believe todays strength may in part be related to the Gilder Report. His subject was storage and while he didn't endorse the SAN's he did acknowledge they will have the high end of the market. Tim

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