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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 679.70

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To: HairBall who wrote (24442)	9/1/1999 10:09:00 PM
From: theRedDog	Read Replies (1) of 99985

Hi LG, things are going well, thank you. We are finishing a (free) Commodity Spreads Charts site that I'm going to plug here (with your permission, of course<g>) when we finish it. ('couple of weeks) >>>>>> I did not know why QCOM was coming down, I just knew it would, before the news releases...TA rules <<<<<< Yeah. I was following your "short moves" on QCOM. Pity you closed too soon (I think) :< I have QCOM in my (very) long term portfolio at an average of 32 1/4. and I'll sell it only when/if it crosses its 150 day moving average. (call me old-fashioned!) :> I've have come to rely more and more on TA of late, (although I'm not expert) but in this case it looks like a case of self-fulfilling prophesy: Everen and Banc of America downgrade QCOM because TA tells them it's too extended, (may I add that they were probably short too?) and that causes the stock to collapse, thus validating TA. Merrill Lynch and Salomon Smith Barney (probably long themselves) see through Everen antics and issue buy recommendations... I agree with Haim that this is highly amusing. (Even if one has some money on the line) Tomorrow QCOM should bounce back (after initial sell-off) and re-gain most of what it lost today. No soap opera can beat this! But what do I know? theRedDog.

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