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Technology Stocks : The New QLogic (ANCR) -- Ignore unavailable to you. Want to Upgrade?

To: george harriman who wrote (22649)	6/13/1999 9:09:00 PM
From: Kerry Lee	Respond to of 29386

i think u r rite..take as much muny out of the piggy bank and short this puppy all the way to $1. pls tell every 1 what price u shorted at and when u will cuver so we don't loose 2 much muny. thank u.

To: george harriman who wrote (22649)	6/13/1999 10:16:00 PM
From: donald sew	Respond to of 29386

George, >>>> somebody just emailed me in the chat box sexion and said to short ancr because it only is going up because of russle3000. <<<< If you are correct, technical analysis may be of some help to determine if that is the news that is motivating ANCR to run up. If I recall correctly the process for the reramping of the RUSSEL3000 will have 3 phases per a recent post on this thread. It gave 3 critical dates. If I recall correctly the first draft was to occur next week, then another near the end of the month and the final list to occur in early JULY. If anyone can repost those dates, would appreciate it. Again, this is on the premise that this runup is due to the reramping of the RUSSEL. One possible pattern is that we runup to the first critical date next week. Afterwards ANCR forms a TRIANGLE awaiting confirmation in early JULY. This TRIANGLE can be reconized by LOWER HIGHS and HIGHER LOWS. The reason I am suspecting a possible runup to the 1st date is due to a cycle analysis based on time. So if we runup to that date and form a triangle/basing pattern then it is a possiblity that this runup is due to the reramping of the russel. If a TRIANGLE is formed, and then ANCR is added to the RUSSEL in early JULY it will move up strongly and if not, the reverse. A TRIANGLE commonly precedes an important announcement. A less likely possibility is that ANCR just continues to run straight up to confirmation in JULY, and then profit taking steps in after the announcement regardless if ANCR is added or not. In this senerio - if ANCR is added the selling will just be normal and if not, larger. I am not saying that ANCR is now running up due to the RUSSELL, but saying that with TA we may be able to get some clues if that is the reason. In other words - using TA to confirm fundamental beliefs. So if you are correct that ANCR is now running up due to the RUSSEL then it should still runup at least to the 1st stage of the RUSSEL reramping process. Of course, we also need to keep in mind that the overall market is now selling off so that could minimize the upward momentum. I realise that some may say that the market does not matter since ANCR was up on FRI when the market was down hard. My position is that if the market was not down hard ANCR may have been up more on FRIDAY. seeya