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Technology Stocks : Qualcomm Incorporated (QCOM)
QCOM 159.42-1.2%Jan 16 3:59 PM EST

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To: Jim Willie CB who wrote (56906)12/27/1999 2:53:00 PM
From: MileHigh  Read Replies (1) of 152472
 
Jim,

You'll appreciate this beautiful but simple TA.

We just filled the gap down from 12/22 close, but notice how the 12/22 close of 485.5 acted as ST gap resistance?

We shot right up to 486 and pulled right back. This is the backing and filling needed and a good sign that this gap was filled so quickly. A close above 486 or so is very positive IMO...

Regards,

MileHigh

PS- now firmly above it...490...heheheheh
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