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Non-Tech : The Critical Investing Workshop

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To: Ruffian who wrote (9684)3/29/2000 8:38:00 PM
From: Jim Willie CB  Read Replies (2) of 35685
 
TA on Mighty Q: tremendously encouraged by QCOM last few days

relative strenk is improving on a daily basis
money flow is improving on a daily basis

shares are performing regular intraday corrections
cases in point: today's bump at 152 around the noonhour,
.. droop last friday back to 146
.. droop on monday back under 150
such onthego corrections enable sustained prolonged rallying

now for the real fun
take a look at the chart for last three months
my myopic eyes now detect a developing W-shaped reversal pattern
however, staring at rounded mounds of soft tissue has led to squinting

the trough of the W-pattern is 125 (loosely)
the peak of the W-pattern is 160
potential is therefore 35 points
we now are arguing thru the conflict, forming the handle
this W-shaped pattern could be labeled a Cup&Handle
but it constitutes the "bastardized Cup&Handle"
W-patterns allow for gluteus kerpels in their bases

TA target: 195
this is roughly the current 52-week intraday highs

195... hmmm, coming to a theater near you this late spring or early summer

/ Jim
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