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Technology Stocks : Qualcomm Incorporated (QCOM)
QCOM 177.78-2.2%Jan 9 3:59 PM EST

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To: 16yearcycle who wrote (56500)12/23/1999 5:04:00 PM
From: RocketMan  Read Replies (2) of 152472
 
Looks like we end up the week about 15 points above last Friday's close, not bad. If you look at the five day chart you can see the mo players coming in and leaving over the last two days. if you ignore that move, we had a nice run up for the week. You can also see how anomalous that 522 was, and the resistance at 500.

finance.yahoo.com

If you look at the one year chart you can see the resistance at every 100 point level except for 400 where we blew right through it. I expect the 500 level might be retested several times before breaking through, although at the 125 post split level it might not be as much of a psychological barrier.

finance.yahoo.com

Finally, the stochastics and macd point to a near term top, we may be here or down a bit for a couple or three weeks.

Tried to post the link, but the text got messed up...
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