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

To: donald sew who wrote (22838)	6/18/1999 5:04:00 PM
From: Westwoodguy	Read Replies (1) \| Respond to of 29386

Donald, Like to add here that looking at a 90-day bar chart, ANCR has developed an extremely strong channel formation, with a dramatic angle of ascension. Snap two trend lines along the highs and lows throughout these three breakouts. I must say its pretty breathtaking. A real classic. The second high @ 19.75 appeared to be "double-top" at first glance, but I can state that this was "run-up on extremely light volume that afternoon. I'm not really suggesting any MM tricks here, but.... To me it was very apparent this was not a hard "double-top", and the higher lows throughout this current breakout, and more importantly, after the second top seem to support that. Now a very clear channel has formed, and I previously stated over at the other board I saw a 26 -28 peak, with a 22 rest. Well, I might up the rest to 24 based on this channel formation. Just thought I'd add my two cents worth. Westwood