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Non-Tech : The Critical Investing Workshop

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To: pinhi who wrote (10374)4/1/2000 7:51:00 PM
From: Jim Willie CB  Read Replies (2) of 35685
 
TA on QCOM: Cup&Handle W-pattern signals huge upleg imminently

I now use the C&H pattern name (didnt before) since the "Handle" just now has been formed

Cup top level is 155-160
Cup bottom level is 120-125 (ignore the 110 emotional low)
that is 35 pts of potential high-octane momentum power
the Handle formed this week
it dealt with 160 with a rebuff, as foretold by the Jackass
it recovered as the old Feb/March ceiling of 145-147 held
(TA101: old ceiling becomes new floor)
the Handle enables indecision to be resolved orderly

next target: 190-195
timeframe: something like late May, early June
this will require news

the Naz100 (QQQ) now is showing a clear pattern
got QQQ now sitting at the lower boundary of an upchannel
very clear to the Jackass

/ written by JW (using borrowed style)
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