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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: Voltaire who wrote (58757)1/2/2000 1:44:00 PM
From: Jim Willie CB  Read Replies (1) of 152472
 
TA: momentum swing target 210

presplit terms:
after touching (thanks to Europe overnight) 740, we moved back to 640... that represented a 3/8 retracement after the rise from 500 to 700... the 3/8 ratio has been indispensable for lowball additions to shares in recent weeks since the big breakout

so we had a 100-pt move down from 740... expect a momentum swing next to 840... it might have some little airpockets this week... just a guess, but perhaps another bullish triangle might form as we feel resistance at 740 a couple times, only to drop less each time in response

target is 740 + 100 = 840
translated: 210
timing: nearterm, like 2-4 weeks

with strong earnings providing yet another unrealized ambiguous event on the horizon, I see 210 happening by the last week of January

is this really the year 2000 ???
I thought we might see a different sky
/ Jim Willie
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