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

To: Eleder2020 who wrote (20300)	1/20/1999 1:35:00 AM
From: Eleder2020	Read Replies (1) \| Respond to of 29386

George-Amazingly money flow chart stayed strong today.I think it has to be coming close to its upper limit. I imagine we will take a break at some point or at least slow down for a few days.This is not to say that the price of Ancor will correct significantly or at all. Qlogic at one point had a higher money flow. On the other hand Qlogic went up 60 points with the money flow staying consistantly high(between 60 -80) and steady with the money flow being slightly lower then where Ancor is today.Ancor is about 90. >>The MFI is a volume-weighted variation of Wilder's RSI that is calculated by comparing today's average price to yesterday's average price and then weighing that average by the days volume. The ratio of the summed positive and negative money flows are then normalized on a scale of 100 to zero. Look for tops when a reading of 80 occurs and bottoms when 20 is reached. As with many momentum indicators watch for divergence between it and the stock price when new reaction highs or lows are made. <<< The thing to watch , is if the stock goes up on low volume here.So far,we are seeing increasing volume. Ed