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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 684.39+0.1%Dec 4 4:00 PM EST
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To: uclatrader who wrote (21871)8/3/1999 2:37:00 PM
From: HairBall  Read Replies (1) of 99985
 
shuo: QCOM support came with the TA herd a little above the Fib retrace number 38.2%. Actually in the area of the lower trend line of the rising trading channel of the linear chart I posted last week.

I suspect they were premature....however, that trend line may hold, expect a retest. If it does not hold, look for at least a 50% retrace (126 area) and the possible target of 120.

I may put my QCOM charts back up tonight.

Regards,
LG
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