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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 694.04

+0.7%

Jan 9 4:00 PM EST

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To: bobby beara who wrote (42238)	3/5/2000 6:53:00 AM
From: HairBall	Read Replies (1) of 99985

bobby beara: Funny you or me or anyone should look at QCOM as a bellweather stock. It has only been raging for a about a year...<g> Interesting enough, QCOM fell below its rising support line dating back to late last Oct. It found support at the lower band of its rising (slightly contracting) trading channel. This lower band has been absolute support since the manic rise began in Mar of last year. This is a critical juncture for the Q, a must hold area or much lower prices are possible. Note: All observations made on a semi-log scale chart. Regards, LG

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