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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: jmanvegas who wrote (59511)1/4/2000 8:37:00 PM
From: zello  Read Replies (2) of 152472
 
jman, I honestly don't have a clue about TA and could use a TA 101 lesson). Since you know it, is the gap considered filled when it reaches the retracement level even if it is intraday? Also, what happens if QCOM were to close below $160 but never retrace to $120-$130 (figures courtesy of Jim Willie)? Or is TA like languages (full of exceptions)? QCOM dropping another $30-$40 from here would be a pre-split $240-$280 from its highs or a 35-40% correction.
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