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Pastimes : Home on the range where the buffalo roam
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To: Boplicity who wrote (1955)5/26/2000 12:35:00 AM
From: Sam Sara  Read Replies (1) of 13572
 
If QCOM breaks 60 decisively, forget the 50s, it is going much lower than that technically. Only two things would save it then- overall market surge (a major one) or significant news. In the absence of those factors, longs will be challenged to grin and bear it.

I think everyone can feel that we are at a critical psychological point in the Nasdaq. I have no idea where we go from here, but with all that overhead resistance, I like the risk-benefit ratio of sitting on my hands.

Keep posting Greg, I continue to learn at your feet <g>.
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