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: Jim Willie CB who wrote (43339)	10/5/1999 9:52:00 AM
From: Jim Willie CB	Read Replies (5) of 152472

<TA> on QCOM briefly if we see another day or two of closes near the daily highs, I believe we will be in the midst of a bullish divergence on daily stochastics in english: after rallying back to the 190's, we have progressively been seeing closing prices moving away from daily highs.. yesterday saw a close near the high of 190.. the prior two days saw closes above daily midpoints.. in September when he dallied in the 160's, our closing behavior was much worse than now the divergence portion comes from looking at the indicator tracking closing behavior.. it is now pointing upward, comparing Sept to now.. those following MACD indicators might notice a possible touch of the slow/fast, and not a negative crossover this might be a turning point toward setting new highs.. the waiting pattern evident in the last several days tells me that if we get above 191-192, we might have some clear sailing ahead with the wind at our backs really trying not to make it sound greek / Jim Willie

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