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Technology Stocks : Qualcomm Incorporated (QCOM)
QCOM 163.32+2.3%Nov 21 9:30 AM EST

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To: Voltaire who wrote (44350)10/12/1999 3:38:00 PM
From: Jim Willie CB  Read Replies (2) of 152472
 
is that my cue, Oh Voltage One?

looks like a retest of 215 underway
I hope it holds
the chicken bones and tiny skull fragments are talking now

worst case is we see 210 level
but shorterm moving averages are looking ok
and shorterm relative strength is about bottoming now at 50%
we have not gone below 50% shorterm RSI in two weeks

I still like the 214-218 range, now that we are in it

thanks to all the individuals sending me private memos
some have made good money exiting options
now risks have been taken re-entering other options

we have some mass psychology working in our favor right now
easily a million shares supported the turn up at 215
volume is lighter now than at 10:30am
I think for today we will see 215 hold
nothing has changed the fundamentals in the last six hours?

"if others survived buying here at 215 this morning, the risk has been reduced right now -- BUY"
THIS PSYCHOLOGY IS DISMISSED BY GEARHEADS EVERY SINGLE TIME

now where is that rooster tail? I've lost my compass
/ Jim
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