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Technology Stocks : Qualcomm Incorporated (QCOM)
QCOM 166.81-4.1%Nov 17 3:59 PM EST

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To: Ruffian who wrote (48666)11/10/1999 8:47:00 AM
From: Jim Willie CB  Read Replies (1) of 152472
 
some TA and SA tidbits

TA: QCOM poked its head into the 3rd pavilion yesterday... it found a rainy uncertain day with the Naz retreating... so it came back inside but rested at the doorstep just as expected... I believe this is a classic technical springboard move (ever go diving off 3meter board?)... I see a continuation of breakout, only awaiting some kinder and gentler winds... closing above 298 yday is a strong positive... we sit just above the old intraday high, poised for a move very shortly (hours or days)

daily stochastic indicator is high, doesnt tell much to me... we have been holding our bigstep gains in the last week... I see no negative crossover... this meter has less predictive power right now

we are incredibly using the upper Bollinger Band as a support line !!!!!!!
the price is not being brought down below overbought levels
this tells me we are in a confirmed and endorsed breakout mode
check AOL three years ago for a precedent

SA: the bluejean indicator is once again evident, with a clear Flank&Limb pattern
this could be big, altho the fit is more relaxed than in Vegas

options anyone?
/ Jim Willie
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