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Technology Stocks : Qualcomm Incorporated (QCOM)
QCOM 159.42-1.2%3:59 PM EST

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To: jmac who wrote (65934)2/3/2000 9:37:00 AM
From: Jim Willie CB  Read Replies (3) of 152472
 
covered calls might be wise from 150-160
I expect 160 to be a stubborn wall
we cut right thru 120 then 140, but tougher wall at 160

minor resistance at 150
major resistance at 160

30yr TBond is reversing on colossal scale to 6.06% yield
new benchmark is 10yr TBond, yielding 6.5% down 10 bp today
got short squeeze on 30yr
got unwinding of hedge fund strategies on 30yr vs 10yr
/ Jim
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