Qualcomm Incorporated (QCOM) Message Board

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Technology Stocks : Qualcomm Incorporated (QCOM)

QCOM 174.01

-0.3%

Nov 14 9:30 AM EST

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To: jewishcarpenter who wrote (45909)	10/23/1999 7:30:00 PM
From: Jenne	Read Replies (2) of 152472

Re: when I look at the daily stochastic indicator, I see three peaks in a decline since September isnt this called a bearish stochastic divergence? new highs established amidst a weakening stochastic six-week trend? Can you post the chart you are looking at for me? I'm getting a different read than you. When I see Stochastics in the upper range doing this intermittent convergence divergence I call that Porpoising. It is a true sign of strength that is seen only in a hand full of bull stocks like AOL and QCOM. That said I see two QCOM buy signals that happened Friday. MACD and Stochastics crossovers. askresearch.com. The Stochastic is a momentum oscillator developed by Dr. George Lane. The premise behind the Stochastic indicator is that when a stock is rising it tends to close near the high and a falling stock closes near it's low and this is plotted as two lines, the fast stochastic (%K) and slow stochastic (%D). A bullish signal occurs when the %K rises through the %D when it is below 20. A bearish signal occurs when the %K goes under the % D above 80. Dr. Lane believes the most important signal occurs when the %D and stock price diverge. This is often seen when a stock makes a new high and the %D clearly fails to reach or better it's old high. Conversely, a stock is oversold and ready to reverse when it makes a new low but the %D fails to confirm that low. What has happened, according to the above law of Stochastics, is a bullish fast line crossing over the slower line thus a buy signal has been generated.

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