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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 683.47+0.6%Nov 28 4:00 PM EST

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To: HairBall who wrote (33626)11/17/1999 9:09:00 PM
From: bobby beara  Read Replies (1) of 99985
 
>>>Don't post that over on the QCOM thread. Seems there is a whole new breed of TA going on over there..."to the moon Alice"...<gg><<

I have been following the thread and most there are talking about this buying opportunity off a parabolic top (complacency),

besides qcom being on the hot topics list way too much lately, it has been on the nasdaq most actives top while it has been falling off the peak.

Lg, thats where i disagree with trufflette, qcom may be the new dell, but dell fell out of it's parabolic, so did schwab and so will Q, all great companies, with great prospects.

There is a whole bunch of supply that bought in last friday and the monday dip and the following dips. The Q has had the luxury of a supportive market condition over the last couple of daze, but if we reverse tomorrow, like i think we will the q supply will be wanting to get out before they lose too much more money.

If Q collapses the whole parabolic in short order, i believe it would take 6 months of basing minimum for another uptrend to develop. I believe it has a good chance of doing that.

bb
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