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Non-Tech : The Critical Investing Workshop

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To: Bald Man from Mars who wrote (686)	1/15/2000 10:20:00 AM
From: Vendit™	Read Replies (2) of 35685

Re: I think there is still some downside risk for QCOM, if it breaks 130, it should go down to 100, and that would be a nice entry point I don't think $100 is a realistic hope at this point. The chart I showed you yesterday shows Q has strong support at the $132 level where it filled that gap last week. In rationalizing a bit further, we just witnessed the bottom fall out of the NASDAQ to a degree and Q held firm and above the $132 support level and managed to close above the next support level of $140 on each day last week with the exception of one where it closed about $138. askresearch.com All of the indicators show Q is very much in reversal ranges or as being flat or neutral. Money flow indicates that profit taking has stopped.

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