Qualcomm Incorporated (QCOM) Message Board

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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: DownSouth who wrote (44981)	10/15/1999 4:11:00 PM
From: Jim Willie CB	Read Replies (4) of 152472

we are no worse off with major indexes than Sept 26th goes for Dow and Nasdaq major support exactly where we closed in both indexes we saw Dow at 9998 perhaps some downward follow thru on Monday worst case is Dow = 9700 expect some violent upward thrusts in next several days short cover rallies coupled with bighouse money buying if you think Q=200 is a strong psych support line you aint seen nothing with Dow=10,000 talking jerkwads on CNBC think seasonality in mindless fashion did they notice that Santa Claus came early last year? ...that postLabor rally came in August early this year? ...that October decline came in September this year? this week was a major re-test of September lows it was violent and well-publicized, but we did not breach QCOM DONE TREMENDOUS TODAY on very average volume normal for average volume on successful re-tests of lows sitting right on 18-day moving average shorterm moving averages should align in synch with trend in a few days Go RedSox, Go PedroLito (CyYoung Sanchez) / Jim

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