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

To: Alan Aronoff who wrote (15742)	4/15/1998 9:29:00 AM
From: Craig Stevenson	Read Replies (2) \| Respond to of 29386

Alan, I was looking over ANCR's chart this morning, and it really looks strange to me. If you draw a line through the highs for the last month and another line through the lows, you get a triangle pattern. I'm sure the Technical Analysis guys have a term for this, but any idea what it means? As an electronics guy, the pattern also looks like a ringing pattern. If you send a spike of voltage into an inductor, it will ring just like ANCR's stock price. A big spike one direction, and then a move the other way, and on and on, with each move being dampened out. Weird. Maybe I've got a new stock market PAST predictor. Now, where did I put all my electronics theory books. Maybe I'll write a book about this new theory and get rich that way. <g> Craig