Qualcomm Incorporated (QCOM) Message Board

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Technology Stocks : Qualcomm Incorporated (QCOM)

QCOM 170.90

-1.3%

Nov 7 9:30 AM EST

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To: y2kate who wrote (73974)	6/15/2000 4:04:00 PM
From: Boplicity	Read Replies (5) of 152472

y2. If that is true, why didn't QCOM throw water on that right away yesterday? Nice vol. today, could be a blow off bottom. That said, I still see QCOM making it down to the low channel line of the down trend which is lower 50's. askresearch.com Mentally snap a line at 50 and connect the lows to see the lower channel line or us the edge of a piece of paper. The Psychology behind the QCOM has been totally broken, so many people have been caught off guard they will want to get out on any up swing. Take notice of the drop in vol. as QCOM was making it 80 near the upper channel line of the downtrend, that was the indicator the showed a lack of conviction behind the buying from the last over sold condition. Greg Greg

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