IBD on Friday November 26,1999 (page A20) :
Qualcomm, for example,soared 183 points, or 82%, from early October to mid-November. In the last week and a half, it's
given back less than 10% on a constructive pullback in volume.
That has left its chart is known as a "flag" formation-a poentially explosive (but also risky) base from which to launch another
move up. On Wednesday, Qualcomm added 15 1/6 at 375 5/16. Other winners that have formed high, tight flags include
Gateway, Commerce One, Interleaf, and Tanning Technology. Purchasepro.Com broke out of a flag formatiom this week
and has raced up 34 points, or 30%, in three sessions.
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