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Strategies & Market Trends : Chart Formations

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To: Jerry Miller who wrote (271)9/19/1999 2:46:00 PM
From: sean sanders  Read Replies (1) of 967
 
Jerry,

QCOM: I also think we will test the recent high; although what will it do after that is the question. If it tests then drops I would call that more of a dbl top. My general view of the market right now is bearish (well I dont know if I would call it that; but I feel a correction is ripe). The dow chart and the S&P 500 is not that bullish. If I wasn't in a bunch of postions I would consider trading qcom from the short side once it tested the top then failed to continue higher.

Sean
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