Qualcomm Incorporated (QCOM) Message Board

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Technology Stocks : Qualcomm Incorporated (QCOM)

QCOM 175.07

+2.6%

Dec 3 3:59 PM EST

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To: Boplicity who wrote (73822)	6/14/2000 9:07:00 PM
From: Boplicity	Read Replies (1) of 152472

How the Market Lies ---->LOL How timely. The market has endless ways of lying and misleading. The media cooperates fully. For example, today the tech stocks didn?t do anything. A common pattern was the ?inside day.? That is, when today?s high is lower than yesterday?s and today?s low is higher than yesterday?s. This in itself can be a lie. For example, Intel (INTC) was down five points today. But it was an ?inside day.? Therefore, it can?t be looked at as a down day. It is a ?nothing? day. The media, of course, will report it in quite another way. Another lie the market told was to make Alcoa (AA) the day?s best performer among the Dow 30. It was up over six percent. But you see this happened within the context of a tenacious downtrend. And today?s advance was on lighter volume than yesterday?s decline. But the media will see it as a highly significant and reportable fact. They will see it and report it as some kind of a sign that the ?big money? is moving into cyclical stocks. The fact is, put in context, it is an irrelevant and uninterpretable event. Suffice it to say that the market didn?t tell us much today - except for a pack of lies. The above was pen today By Don Worden my pal the master chartist! So cool... the symmetry of it all. hmmmm <g>

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