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Technology Stocks : Qualcomm Incorporated (QCOM)
QCOM 174.01-0.3%Nov 14 3:59 PM EST

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To: MileHigh who wrote (39539)9/2/1999 1:04:00 PM
From: MulhollandDrive  Read Replies (1) of 152472
 
Milehigh,

>>The key point here is it bounced HARD and moved up, sign of strength IMO.<<

Bought more @ 158 this AM, almost in the club!<<

It is a sign of strength, but don't be lulled into thinking it won't necessarily retest. I watched it happen over and over with some of the Inuts as people bought on the way down....thinking it was support. Now it's resistance, on the many of the Inuts, at least...

bp
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