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Technology Stocks : Qualcomm Incorporated (QCOM)
QCOM 162.00-2.9%10:34 AM EST

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To: Cosmo Daisey who wrote (44505)10/13/1999 1:48:00 PM
From: Jim Willie CB  Read Replies (2) of 152472
 
Cosmo, where you been, big guy? (some TA)

last time you popped your head up, we rallied next day
will history repeat itself?

with such a sizeable move to new highs, do you agree with my premise that a RETEST OF HIGHS is warranted and to be expected in the next several trading days?

on TA: with moves from 195 to 223
a 5/8 retracement takes us to about 212.5
a 3/8 retracement takes us to about 205.5

volume is strong today, a good sign
we are in that range, certainly lower than my 214-218 range posted earlier
I missed calling this pullback... sorry

/ Jim
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