Qualcomm Incorporated (QCOM) Message Board

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Technology Stocks : Qualcomm Incorporated (QCOM)

QCOM 151.59

-0.4%

Jan 30 9:30 AM EST

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To: Uncle Frank who wrote (46263)	10/27/1999 1:35:00 AM
From: Spaw	Read Replies (1) of 152472

Uncle, It is SO hard to time the market, especially in a toppy, volatile time like this. SnP in a confirmed near term downtrend, along with the OEX and the Dow. The Naz is holding up but starting to go sideways and could slip back under that 50 day average at any time. Too many things tell me that a LOT of money is not being put to work right now. I would guess the funds will have a huge amount of work to do to prop the mkt at the end of the year. People are going to cash! No doubt about it. Y2K fears are real. (fears) Anyway... in the near term, the easiest thing for me as a trader to do is look at the chart. Qualcomm should pullback to about 200. If the market holds up and rallies after Thursday (probably will)... look for the beast to rock!! 225+ easy for this elephant. For me, I will be waiting for the Thursday #s to be digested before reentering long. Good luck with your investment. $.02 again, --spaw--

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