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: Douglas Nordgren who wrote (20451)	1/28/1999 3:55:00 AM
From: Eleder2020	Read Replies (1) of 29386

The way I see it the Technicals are correcting nicely after a 1st of the year double. The BB's just got way over extended. We had a few gaps to fill and the money flow is correcting nicely without real price erosion.Some profit taking. If we have some downward motion on low volume, it looks like a good time to jump in.I think we will see some more consolidation and lessening volatility in the short term(without news)and then I believe we retest 9 1/8.The intraday low we may see could be around 7. Remember -this is art and not science. Do we get over the hump.I think Kerry called it right. Watch The Volume. Stay tuned...... Ed

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