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Technology Stocks : Qualcomm Incorporated (QCOM)
QCOM 173.96+1.4%Nov 11 3:59 PM EST

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To: MileHigh who wrote (59615)1/5/2000 9:56:00 AM
From: Jim Willie CB  Read Replies (1) of 152472
 
those jumping off cliff have minimal years of experience, Instinet accounts, acne still on their facial landscape, little understanding of new economy, react to the herd, have major holdings in internet stocks

I humbly believe 160 (give/take 3 pts) will hold today
we may fill 3/8 of the gap between 120 and 160
that would be 145, and we are there now
but that represents intraday support
that is where I expect rescue money to re-enter and support

strong support at 1400 for S&P
Cup&Handle formation saw breakout in last couple weeks above 1400
the last couple days saw a return revisit to 1400
then comes a springboard move upward to 1650

/ Jim
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