Qualcomm Incorporated (QCOM) Message Board

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Technology Stocks : Qualcomm Incorporated (QCOM)

QCOM 178.29

-1.6%

Dec 12 9:30 AM EST

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To: gc who wrote (40242)	9/9/1999 3:33:00 PM
From: Jim Willie CB	Read Replies (1) of 152472

GC, 90% of the time short covering is done where support becomes strong and is repeated as longs join.. it typically defines the rear heel of the support line.. sure, it might be temporary.. but we need a false upmove to encourage more selling and greater volume, dont you think? .. a ten point move failing at 170 seems insufficient to me to bring about more voluminous selling pressures this gorilla is in no bigass hurry to rise and begin running again.. he gets up but rethinks that strategy when another snooze sounds better.. the longer we consolidate within the 160-170 range, the stronger the outbreak will be up or down.. my money is on up.. all trends point that way.. the shorterm trend is not down, rather sideways psychologically, it goes "if shorts cover there, it must be a great place to buy, because those guys are smart enough to short a great stock & company" I see you have shaved and got rid of the bottle.. sorry to seem so dismissive of your exhorts from out of the woodwork.. but they seem so shallow / jim

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