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Technology Stocks : Qualcomm Incorporated (QCOM)
QCOM 171.54+0.4%Nov 10 3:59 PM EST

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To: Tom Kearney who wrote (64897)1/28/2000 12:01:00 PM
From: KY  Read Replies (3) of 152472
 
The chart and the ugly feeling I have reminds me more and more of my AOL experience after it topped out...absolute euphoria to panic. Lot's of folks first trying to catch the falling knife and then feeling that "they have no idea where the bottom is."

While the fundamentals are strong, I have a bad feeling that so much serious technical damage has been done that it is going to be some time before we fully recover and reach new highs. We need to establish a bottom...and test it...probably a couple of times before the Q can muster enough strength to break through resistance above.

It's painfull right now. Very tempted to keep adding...but something tells me we are going to have plenty of time to do so.

KY
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