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Technology Stocks : Qualcomm Incorporated (QCOM)
QCOM 168.90+0.5%1:55 PM EST

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To: FlameMe who wrote (45361)10/19/1999 11:06:00 PM
From: Jim Willie CB  Read Replies (1) of 152472
 
TA shorterm target, huh?
my judgment might be suspect with the image of a few wide-girthed and saggy cyberbuns lined up for a quick buss

we have what appears to be a small Cup&Handle forming... when has this pattern failed us? not yet... convinced of it when we pulled back from 205 today... as it happened, halting in its tracks at 195 seemed like a solid bet... we had the 18hr MA to help support it

C&H top is clearly 205... the right side has more definition than the left.. but something is clear nonetheless... its bottom at 190 is not exactly rounded but that is ok... nothing here is exact... so a height of 15 points... if we break above 205, then look for a target of 205+15=220

now that is way too simple mathematics for any engineer to accept... needs more integrals, fourier transforms, summations, and transcendental functions to warrant credibility... my personal favorites -- asymptotic limit and Gaussian function -- are nowhere to be seen

so TArget in the next few days: 220
resistance levels: 205, 212, 216, 220

220 might happen sooner than you think

/ Jimmy Jackass
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