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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: Eleder2020 who wrote (22302)	6/3/1999 3:27:00 PM
From: donald sew	Read Replies (1) of 29386

Eleder, The upspike in the OBV was caused by the 5 million shares traded today. If that type of volume continues the OBV will also continue up, but if that volume falls, then the OBV will probably peak. There are other factors involved of course. TA is a mathematical study of historical patterns. Once relative new highs are set it is hard to predict since the stock is in new territory. We can us ANDREW's PITCHFORK, TRENDLINES, FIBINOCCI NUMBERS, PATTERN TRANSPOSING,ETC, but let me say that the success rate of TA predicting relative new highs is not great. TA has its limits. ANCR is in a firm uptrend, and all the signs are saying that it is heading higher, but to try to use TA on a day-by-day basis is not the proper way to use TA. seeya

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