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

To: Westwoodguy who wrote (22856)	6/18/1999 5:56:00 PM
From: Westwoodguy	Read Replies (1) \| Respond to of 29386

To all ANCR holders and Technical's. As a follow up to my previous post, a clear channel is a very strong, long-term formation. And this angle is astounding. These formations have developed during the early stages of CSCO, COMS, etc., and are a very, very stable. These formations develop in "investment grade" companies. FORD as well had this type formation about a year ago. The two deviations, one on the upper band, the psuedo "double-top" and the oversold "double-bottom" both snapped back to within this developing channel. I previously had projected a break-out high and resting price. But with this developing formation it can continue for an extended period of time. Therefore, I will hesitate to give a final projected price, but as an aside it appears to be definitely more than 22. I thought you would be pleased to hear this. Westwood