The New QLogic (ANCR) Message Board

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Technology Stocks : The New QLogic (ANCR)

QLGC 16.07

0.0%

Aug 24 5:00 PM EST

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To: Alan Aronoff who wrote (14860)	3/4/1998 4:20:00 PM
From: iceburg	Read Replies (2) of 29386

Alan, There is an extremely strong similarity in ANCR's chart between May 1 '97 - July 3 and Jan 1 '98 - March 3 (today). If it continues, we'll have about a week of consolidation followed by a big new rally. Check it out... The other chart we look very similar to is an inverted version of the chart following the last CC. There was the horror sell-off, followed by a steady but weak climb that ended at 7. It was all steadily downhill from there. This time we saw kind of a euphoric reaction to this CC, followed by a steady but weak decline to 7 (I am choosing to ignore the blip to 6 5/16 because it was really weak and never closed down there) I am hoping we will have a steady uphill venture from here. Once we break the gravitational pull of Cal's corner things will get interesting. All IMO Steve

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