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Technology Stocks : Qualcomm Incorporated (QCOM)
QCOM 173.87+1.9%2:27 PM EST

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To: Voltaire who wrote (54067)12/14/1999 11:04:00 PM
From: Jim Willie CB  Read Replies (1) of 152472
 
TA: we must now take a bigger view of this breakout (480 next)

VoltFlugen, outstanding summary of motivations, communications, catalysts, liquidity, and focus of what is important -- makes perfect sense to me

last week we saw a mild breakout from the 390-395 ceiling
it lacked conviction and volume after its "first step"
this week the followthru was certainly there

breakouts typically display a hesitant retreat from the "first step"

step back to see now this entire 7-day breakout as a larger version of just another "first big step"

some hesitation will surely be acted out and show itself, but a larger followthru will be coming right away, just like what happened this week setting new highs

we saw a 15-pt retraction during 10am hour today
we saw an 18-pt retraction during last half hour today
these broke very shorterm momentum
they conclude our hesitation from the "first big step"

get ready to rock & roll
a big followthru is coming from this big hesitation
just like this week, only bigger
today's hesitation might be over, might end at noon, might end tomorrow by close

put on your Snoopy helmets
next stop: 480
how: momentum from 405 down to 330 up to 480

money flows so as to manifest price levels like a pendulum
I absolutely CANNOT comprehend why engineers dont see this
what the hell is the Cup&Handle that just delivered 435 on a pendulum's wings???

money flow moves at the speed of light at the moment
it moves like a pendulum over the days and weeks
Maurice, my man, this last paragraph is to you
/ Jim
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