Qualcomm Incorporated (QCOM) Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Qualcomm Incorporated (QCOM)

QCOM 170.90

-1.3%

Nov 7 9:30 AM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Jeffry K. Smith who wrote (59227)	1/4/2000 10:15:00 AM
From: Jim Willie CB	Read Replies (4) of 152472

TA is excellent at detecting stalls, predicting levels of retracement we had nice 3/8 retracement at Thanksgiving, another last week to 640 (now 160)... I expect 160 to offer continued support, esp slightly above that level, since now we are not careening down from 740 like last week the stall is the big pattern I look for... usually we would see a sharp pullback on heavy volume, followed by a weak attempt to reach the same old highs... but it is weak since volume has diminished... then comes a downward mini-spiral... we are not there now... we have awesome momentum the analogy of an airplane rising, swooping down after a stall, only to attempt another ascent with reduced airspeed is perfect... that second attempt is bound to fail... TA is useful is seeing just stalling effects I will be watching more closely than ever in the next several days, next several weeks... we got wicked dicey times coming after February, until about May it is true that TA is not great for longterm views... but it is excellent for me to detect and predict somewhat retracements and bounces / Jim

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next