Qualcomm Incorporated (QCOM) Message Board

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Technology Stocks : Qualcomm Incorporated (QCOM)

QCOM 170.06

-2.3%

12:29 PM EST

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To: phatbstrd who wrote (37012)	7/23/1999 2:16:00 PM
From: Doug R	Read Replies (1) of 152472

Cool...a conspiracy. I love conspiracies. Get real. Ramesh has seen this happen before. He understands what I'm talking about. If he has some respect for the IL, it's because he knows it's warranted. IL= Impossible Line ACT=ACcelerated Trendline RR=Reciprocal Retracement The IL is established as a type of trendline that is related to but quite different than the lines described as Andrew's Pitchfork. equis.com I found the relationship some time after I developed the IL/ACT/RR method. The IL is normally a very unimportant line since it's so darn steep that stocks rarely reach it. If you drew it and extended it out before a stock moves up to break over it, you'd just have to say to yourself, "It's impossible to think the price could get to there." As a stock begins its launch to the IL, it does so after setting up an ACT...a very short term trendline that appears as a "bevelled" edge on the chart and very usually shows low volatility along the price highs as it's being established. The ACT becomes the downside target after the price breaks over the IL. Once the ACT has been reached, the rebound (RR) is most often of an equal % as the drop from the high to the ACT. End of story. No conspiracy...just the chart.

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