MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 690.38

+0.4%

Dec 24 4:00 PM EST

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To: r.edwards who wrote (37012)	1/8/2000 9:53:00 AM
From: HairBall	Read Replies (1) of 99985

r.edwards: interesting chart on Q. If we rise above 160 what is your prognosis I do not make it a practice to forecast where a manic stock will run to once it is in virgin territory. I just tag along and trail a stop loss. Now having said that, sense Q is trading in non virgin territory...if Q rises above the gap down 161.75 not just penetrates, next resistance price action areas would be 168.5, 175/6, 185/6 then the all time high (post split). As to what I will do at those price action areas, indicators of the moment will dictate. This is a traders view point, for divine investment strategies or JW's septic tank TA, you will have to read the QCOM thread...<g> Regards, LG

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