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Technology Stocks : Qualcomm Incorporated (QCOM)
QCOM 174.01-0.3%Nov 14 3:59 PM EST

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To: Ruffian who wrote (52169)12/1/1999 1:10:00 PM
From: Jim Willie CB  Read Replies (2) of 152472
 
TBonds are starting to behave, yield back under 6.3%

that was a cowardly attack of USdollar during holiday
by currency traders

they pulled their typical thinly traded games
it dragged down bonds, hiked the yield, providing a scare
employment data comes on Friday to set the direction
but for now, the USdollar has succeeding in its defense
actually the Euro is under the bigger attack

we tech stock holders need for bonds to behave
a sealed successful defense might mark end of this downdraft

any sellers of QCOM option calls imo will regret it in
about 2-3 weeks when the upcycle is underway
this downcycle is now in its third week, overdone in my view
low volume continues during downcycle (good signal)

back from holiday among the grits in NoCarolina
/ Jim (proud yankee)
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