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Technology Stocks : Qualcomm Incorporated (QCOM)
QCOM 174.15-1.1%1:05 PM EST

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To: LindyBill who wrote (42210)9/22/1999 5:53:00 PM
From: Jim Willie CB  Read Replies (1) of 152472
 
toughest part of TA chart reading is calling the turns

especially when things "appear" to be deteriorating
especially when things "appear" to be skyrocketing

Acampora mades good sense... standard Dow Theory
explains the choppy looking charts on major indexes
many things weighing on the stock market these days

TA should never listen to the din of negative reports
that sounds like anathema, but it is true
such reports are built into the price in days/weeks prior

a contary fundamentalist should look for the "crescendo" of negativity as bullish
I believe we heard a crescendo in 150's when we enjoyed a bad cup of coffee
the negativity began to border on the absurd

this is a really really tough game
dont be too hard on GC
my emotions were contradicting my logic back in 162-165
/ jim
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