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Technology Stocks : Qualcomm Incorporated (QCOM)
QCOM 163.33-1.0%Nov 25 3:59 PM EST

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To: Voltaire who wrote (47001)11/2/1999 10:31:00 AM
From: Jim Willie CB  Read Replies (3) of 152472
 
my hat is off to you,,, defer to the Mentor Hayseed VoltMan

we broke below 225, which means we might well bounce off it as the ceiling
the 18hr moving average is at 225-226
I think we are likely to close lower also now that minor shorterm technical damage is done

who knows when 240 TA target will be reached ?
I exited all options when we came back above 225
and sold all margin shares at the same time

I aint needin' this risk, done well

Japanese Candlestick "cloud cover" will be glaring at us if we close below 226-227 today
we opened at 229... the cloud cover is a negative signal
I think we will have that negative signal

sorry to all who were looking to 240 really soon
letting you know what I did
concall might still be huge though
/ Jim
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