Options Message Board - Msg: 12656546

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Strategies & Market Trends : Options

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To: Jill who wrote (1570)	1/24/2000 8:47:00 AM
From: Vendit™	Read Replies (2) of 8096

FWIW I spent most of my weekend flipping through every type of chart that I know how to read and I now have got a very good feel for where QCOM will go depending on it's decided direction this week which I think will be up. I drew a very detailed trendline chart and have located about 5 upper resistance points and 4 lower support levels for Q. The good news is that Q is bumping up against upper resistance this morning in pre-market trading. $159 1/8 is that resistance point so a move above this today will make $159 1/8 new support and will give the stock a shot at $174 7/8 with only a few minor resistance points between here and there. Main lower support at the moment is $149 7/8. All IMHO Reid Ps: Anyone interested in seeing the chart should request it via my email Vendit@workmail.com I drew it with a java chart engine and is not linked to the Internet but I did make a snagit file out of it for my records which can be mailed. (picture file)

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