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Technology Stocks : Qualcomm Incorporated (QCOM)
QCOM 177.78-2.2%Jan 9 9:30 AM EST

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To: dangergirl who wrote (63869)1/25/2000 10:42:00 AM
From: Jim Willie CB  Read Replies (3) of 152472
 
premarket futures trading reinforces notion that Europe is our tail

wow, once again, US Futures up nicely in European trading
then bam, we open Naz minus bigggg
Europe does not lead the US markets, it trails
case closed

QCOM got off its back, showing moderate strength
140 is a strong support line
but we may not be done (get back to me at 1:20pm)
staying home today, BLIZZARD out there

CNBC technical report says ARMS index not yet oversold
ARMS index measures dollar volume for stocks down versus dollar volume for stocks up
ARMS is at 1.02, with oversold marker at 1.2
always interesting to watch ARMS and McClellan Oscillator
I would be a liar if I claimed to define McClellan
once upon a time, back in 1994

your intrepid CNBC reporter today
surprisingly, volume is NOT thin today
in less than one hour, Naz has traded half billion shares
/ Jim
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