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: George Dawson who wrote (20904)	2/27/1999 12:23:00 PM
From: Eleder2020	Read Replies (1) of 29386

The Bollinger Bands doing what they do all the time with ANCR. They start tightening for 7-12 trading days on decreasing volatility and volume.I expect we are in this area until the end of next week when the volume should start to rumble again and pick up steam. The charts and BB's say we are in another downtrend soon or that we are quickly approaching oversold conditions and that the ascending triangle up looks moderately steep. RSI oversold. Stochastics a day or two away from being oversold. Momentum which has been the lowest in about 7 months looks like it turned the corner yesterday.Picking up strength to push the snowball up the hill.Accumulation looking good. The money has been decidedly negative during this correction and also quickly approaching the level where it starts going the other way. Risk/Reward looks really good to add to my ANCR holdings this week. Just MHO. When Ancor was losing it kept on losing. Now that ANCR has been winning we will find out if it can continue to do so. Ed techstocks.com techstocks.com

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