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Technology Stocks : Qualcomm Incorporated (QCOM)
QCOM 174.80+0.3%Dec 5 9:30 AM EST

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To: DepyDog who wrote (60058)1/6/2000 11:36:00 AM
From: Jim Willie CB  Read Replies (2) of 152472
 
TA: still like and believe 160 is significant
but now we must allow some slippage from that level
I think 153-160 is strong as hell support
any trading going on underneath is for pure MM benefit & profit
they continue to buy from acne kids, naive investors, other sheep

now is a time of very incompetent opinions very well publicized
some shmuck yday said on CNBC that he expects rates well above 7%, a new bear market, an end to tech's run now
Barton Biggs was on CNBC claiming big correction later this year (AGREED)
he seems extremely lacking in confidence
he implied that he got it all wrong all year long in 1999

this afternoon might be a near repeat of yday
changing my expected close: 158-159
we didnt get as low today, we might not get as high today
this is a stablizing time now until Monday

/ Jim
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