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Strategies & Market Trends : Steve's Channelling Thread

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To: Zeev Hed who wrote (3025)7/9/2000 9:40:32 AM
From: Logain Ablar  Read Replies (1) of 30051
 
Zeev:

QLGC's reversal on Thursday recovering completly from
Wednesdays semi sector selloff is quite bullish. Many of
the equipment companies bounced but did not recover. Now
I'm biased on QLGC due to ANCR and we still need to be
careful. The storage sector is growing very rapidly which
is positive for many. EMC, NTAP, BRCD, QLGC, EMLX to name
a few. I'm not sure why EMLX was downgraded. QLGC is the leader but with QLGC'S purchase of ANCR BRCD is trying to
align with EMLX which should help emlx.

Below is the 2 pt chart (the 1 pt. is too large).
Notice we need to print $80 to set a new buy signal. This
will be adding an X over the $78 top hit in June. Also
notice the breakout of $80 back in April prior to the ANCR
offer.

104 O X O X O X O 104
102 O X O O X O X 102
100 --------O X ----O --------X O X O -----------------------------------------100
98 O X O X O X O 98
96 O X O X O X O 96
94 O X O X O X O 94
92 O X O X O X O 92
90 --------O X ----O --------X O X O -----------------------------------------90
88 O X O X O X O 88
86 * O X O X O O 86
84 O X O X O 84
82 O X O X X O 82
80 --------O ------O X O X --X ----O -----------------------------------------80
78 O X O X O X O X 78
76 O X O X O X O X O 76
74 O X O X O X O X O Med74
72 O X O X O X O X X O X 72
70 ----------------O X O X O ------O ----------------X O X O 7 --X -----------70
68 O X O X O X X O X O X O X 68
66 O X O X O X O X O O X O X 66
64 O X O O X O X X O O X 64
62 O X O X O X O X X O 62
60 ----------------O X ------------O --O ----X O X O X -----------------------60
58 O X O X O X O X 58
56 O X O X O O X 56
54 O X O 6 O X 54
52 O O X O X 52
50 ------------------------------------O X --X ----O X -----------------------50
48 O X O X O 48
46 O X O X 46
44 O X O 44
42 O X 42
40 ------------------------------------O -------------------------------------40
38
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