Qualcomm Incorporated (QCOM) Message Board

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Technology Stocks : Qualcomm Incorporated (QCOM)

QCOM 155.82

-1.3%

3:59 PM EST

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To: Uncle Frank who wrote (40157)	9/9/1999 9:38:00 AM
From: Jim Willie CB	Read Replies (1) of 152472

more T&A for Uncle Franq stock market is being held back recently by bonds, which have suffered with decline in US$ TBond futures are showing a keen bullish divergence in its stochastic indicator.. in layman's terms, TBonds are retesting the 6.25% highs in rates but they are doing so in semi-weak fashion.. it gots not gusto.. the daily closes are way off the worst of the days.. when compared to the time when 6.25% highs were set in early August, we have visible an uptrend in the closing behavior.. TBond futures players will soon give up on witnessing new highs.. this will likely give us lower rates and soon.. next target is TBonds at 5.8% then 5.6% we have seen a couple "outside days" on the cash bond market trading.. in other words, lower daily lows are seen versus prior days, and higher daily highs are seen versus prior days.. just like the change in a barometer, a sign of imminent change brewing US$ is primed for a recovery from the awful nearterm decline since mid-July.. the JYen has just completed three uplegs, the third being puney.. JYen is poised for profitaking.. the beneficiary will be the US$.. the combined US$ trade weighted index is showing also a bullish divergence in its stochastics, not quite as strong as the TBond.. bonds and dollar run in tandem get ready for a bond rally supported by a strengthening dollar.. tepid quarterly growth in Japan's economy just reported will help this dollar rally.. tech stocks will love it.. QCOM to 190's in several heartbeats, once the dam breaks.. the symphony of dollar, bond, tech stocks has been a veritable cacophony lately.. that will change I hope that sates your needs, Uncle Franqie / jim willie (of the Corned Beef nation)

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