Qualcomm Incorporated (QCOM) Message Board

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Technology Stocks : Qualcomm Incorporated (QCOM)

QCOM 176.09

-1.8%

3:59 PM EST

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To: jmanvegas who wrote (34212)	7/7/1999 5:36:00 PM
From: Jim Willie CB	Read Replies (3) of 152472

THIS GORILLA DANCES ON THREE LEGS !!! on TechAnalysis... why the selloff? ... TA prevails :::::quoted from June 4, 1999::::: <<TARGET: 142-145 recent high was 117 on the close recent low was 91 on the close (26 pt swing) target on upswing is 117+26 = 143 possible overshoot from momentum to 145-148 isn't it that simple? date of hitting target will be late July>> ::::: end of quote ::::: QCOM made a 20% run in three legs from 125 to 150 on a mere seven trading days... the third leg, which took us to 150, was accompanied by weakening relative strength... our luck was pressed pushing above 145, thus encouraging sellers the move in midJune from 100 to 130 was a 30% run... the third leg up pushed our luck at 137 with flattening relative strength THREE LEGS UP AND A PULLBACK THREE LEGS UP AND A PULLBACK THIS GORILLA DANCES ON THREE LEGS !!! next three legs might take us to 170 you guys continually look to external reasons to justify the selloffs... we had some good news yday and today... prices are a result of supply & demand with buying and selling QCOM THE PULLBACKS HAPPEN WHEN THE THIRD LEG IS USED THIRD LEG IS A WEAK LEG, shown once again dont know about you guys, but my third leg is no good 'tall for walking or dancing / Seamus

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