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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Zeev Hed who wrote (22257)	8/5/1999 7:50:00 PM
From: donald sew	Respond to of 99985

Zeev Hed, OT >>>> I was tempted today to get in ANCR and actually had an order in at $15.125, but I never got it....... I agree that in the next few weeks there is a good chance that we will get to close the gap. <<<< The MAIN BULLISH TRENDLINE right now is near 15, and a break of 15 would be a strong negative and I would interpret that as technical damage to the stock. The intraday bounce was almost 9 points, but if ANCR was to hit the gap around 10, I would not expect that strong of a bounce immediately. It dropped to 15 too easily and too quickly to confidently say that 15 will hold, especially if the market continues to sell off. seeya