Qualcomm Incorporated (QCOM) Message Board

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Technology Stocks : Qualcomm Incorporated (QCOM)

QCOM 168.09

+1.8%

Nov 28 9:30 AM EST

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To: MileHigh who wrote (45046)	10/17/1999 2:21:00 AM
From: Jim Willie CB	Read Replies (2) of 152472

USdollar is no worse versus JYen than two weeks ago when I focused on it... would not call that crushed... but US$ versus Euro is below critical support and that concerns me GO REDSOX... GARCIAPARRA FOR PRESIDENT 13 RUNS IS ALMOST AS SWEET AS 23 VERSUS CLEVELAND... STEINBRUNHILDA IS A JERK longbond yield is just a few basis points higher than two weeks ago... flight into safety (as was properly pointed out to me) keeps the lid on... if that money comes out of bonds when stock volatility subsides, and then that money enters stocks, we will have a reprieve crude oil suffered a $4/barrel single day drop two weeks ago... next comes a retest of the $25 highs... I expect a failure this decline could be prolonged... but Microsoft reports this Tuesday, and IBM on Wednesday... the big leaders come next to put a positive light on matters look at it another way... we have a rounded top developing on the S&P500 now... we sit at the lower boundary of that rounded channel now... some real potential for profits anytime we sit on lower boundary of any channel... it would not take much to produce even a reflex rally personally I would regard any 3-5 day reflex relief rally ignited by short covering as a selling opportunity for some of my positions / Jim

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