Qualcomm Incorporated (QCOM) Message Board

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Technology Stocks : Qualcomm Incorporated (QCOM)

QCOM 168.08

+1.8%

Nov 28 12:59 PM EST

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To: Jim Willie CB who wrote (66033)	2/4/2000 11:03:00 AM
From: Ruffian	Read Replies (2) of 152472

The other way some traders use MACD is to spot divergences from an anticipated movement. Since there are no indicators or patterns that work all the time, reactions against the anticipated move can signal a major move. A bearish divergence occurs when the MACD is making new lows while prices fail to reach new lows. A bullish divergence occurs when the MACD is making new highs while prices fail to reach new highs. Both of these divergences are most significant when they occur at relatively overbought/oversold levels. Let's look at Qualcomm Inc. (NASDAQ: QCOM). After rallying from the last MACD Buy signal on on January 31at 118 ½, QCOM rose steadily to 148 early today, February 3, 2000. By 1:00 PM EST, QCOM flashed a MACD Sell signal. The Sell and Short would have been at that time at 138 ½. I would still exit longs in QCOM. Trading Ideas

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