MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 672.07

-1.7%

4:00 PM EST

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To: HairBall who wrote (37170)	1/11/2000 7:30:00 AM
From: KaiserSosze	Read Replies (1) of 99985

LG, Thanks for taking the time to post the charts. Question, in regards to QCOM (though it could be regarding any stock or index for that fact), but QCOM in particular is approaching the grey line at $160. Are there any hints that help you decide wether that line will be significant resistance or not? The reason why I ask is that I know that at least twice, you called a short on QCOM, I believe at the $200 level, and you were absolutely correct. Another time, QCOM blew right through $200 and proceded to it's current level (pre-split of course)! So I'm just wondering if there are any clues that determine if a stock or index will blow through a trend/resistance line, or it will bounce off of it? Regards, Kaiser

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