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: Jill who wrote (45068)	10/17/1999 12:17:00 PM
From: Cooters	Read Replies (1) of 152472

<<but exactly how does one uses the changes to determine?>> Jill, Football is about ready to start, so I'll answer what I think you're asking and we'll take it up tomorrow if I have it wrong. Sentiment is a very accurate indicator to determine where the market is at, and consequently where it might be heading. Unfortunately, most sentiment indicators are really art and not science. Examples are the mood on CNBC, the mood on this thread, WSJ or local paper headlines, etc. The put/call provides a good tangible measure of sentiment. For the current example, the rise in the put/call indicates there is real fear out there. I would add all of the above intangible indicators say the same thing. This doesn't mean the market can't head lower. It means the sentiment must get worse for that to happen. Does that help? Cooters

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