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Non-Tech : The Critical Investing Workshop
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To: Jim Willie CB who wrote (20343)5/26/2000 12:30:00 PM
From: Sully-  Read Replies (1) of 35685
 
Hi Jim,

FWIW, I capitulated yesterday when QCOM broke below $75. It was not a case of panic selling, rather I chose to quit wishing & hoping for QCOM to come back. I figured if your extreme bands were failing to the down side, we were going further south. It seems for now the QCOM FUD in full court press & with the market questioning valuations, downside potential for high valuation tech stocks will not leave this market until there is serious capitulation.

I feel we will fill the NAZ gap around 2850.... likely overshoot it... QCOM will fill the upper $50's gap.... likely overshoot too.... I think the market wants blood in the streets..... capitulation on high volume & lot's of fear.... real fear.... this is from a true non-techie, non-TA jackass wannabe, so take it FWIW.

JW, I'd appreciate it if you could post an occasional TA on QQQ - QCOM - ELON - NTAP &/or other porch favorites if you wouldn't mind. Heck, even if your TA shows ugly, give it to us straight bud. TIA

Tim
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