SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : Qualcomm Incorporated (QCOM)
QCOM 175.32+0.3%3:59 PM EST

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Ruffian who wrote (63674)1/24/2000 10:02:00 AM
From: Jim Willie CB  Read Replies (1) of 152472
 
TA: 160 is an unstable price level

without some power, 160 will prove tough resistance
once past 160, we should power to 170

160 offered significant support when we came down in early Jan
now that same former support offers new resistance
people are bailing out who were underwater, having bought at 160 two weeks ago

once past 160, the power will come from shorts covering
not talking about millions of shorts, just those playing 160

history was made last week:
Dow down all five days
Naz up all five days
that is serious high level rotation
signs of Dispersion, bullish signs

/ Jim Willie
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext