Qualcomm Incorporated (QCOM) Message Board

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Technology Stocks : Qualcomm Incorporated (QCOM)

QCOM 163.33

-1.0%

3:59 PM EST

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To: jmanvegas who wrote (45215)	10/18/1999 5:57:00 PM
From: Jim Willie CB	Read Replies (1) of 152472

got some TA working for us S&P is at support now from springtime levels, and also support from lower boundary of a slightly declining channel you got the stones to buy now and I expect you will profit I cannot see the major indexes heading lower without a decent reflex rally to draw more suckers in... I am now planning to sell my option Qcalls on the next rally toward old highs, if I get the chance... if I make some decent money from averaging down, then I intend to cut loose a loud bellylaugh I see an uglier early November... remember next FOMC meeting is Nov16... the rate jitters and discounting for same comes during the prior two weeks... the rounded top S&P chart is still with us... Dow 10,000 will likely be tested again in November but a market meltdown is utter nonsense... big (whore)houses are just gonna make some good money from Dow 10,000 to 10,600... then they are gonna do it again in late Nov/early Dec with whosever shares they can shake loose techs still lead this market, but an unfortunate phenomenon is evident... people are selling their strongest stocks in order to meet margin calls... any other explanation for Dow up nicely today with Naz down??? / Jim

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