QLOGIC CORP (QLGC-Nasdaq): Technical Viewpoint: From a low of $65 7/8 on Aug 1, 2000 prices rallied, reaching a high of $119 1/4 on Sep 1, 2000. A decline saw prices pull back, reaching a low of $66 1/2 on Oct 11, 2000. Another rally saw prices penetrate resistance, closing 11/2/00 at $106.31. Technicals: MACD-Histogram (MACD-H): A Buy Alert! was given on Oct 26, 2000 when the Histogram crossed the "0" line to the upside. Support: Remains at $87.00. Resistance: Is at $114.00. Point & Figure: Reversed to the upside on Oct 31, 2000. A P&F upside reversal takes place at $99.00. Summary: Technical indicators have turned bullish. BUY! QLOGIC CORP (QLGC-Nasdaq) @ $108 3/4 Stop: Use a protective stop of $105 3/4. QLOGIC CORP is currently trading @ $106.31 plus $10.68 on Nov 2, 2000. Price Objective: $149.00. Risk/Reward: $3.00 VS. $40 1/4. Today's Risk Reward Ratio: 13:1