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Strategies & Market Trends : Piffer OT - And Other Assorted Nuts
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To: wlheatmoon who wrote (49758)8/22/2000 4:28:31 PM
From: Jorj X Mckie  Read Replies (1) of 63513
 
This is one of those situations where, when the FA and the
TA don't agree, go with the TA. It isn't the little guys
like you and me that are moving QCOM, it is the big boys.
And they appear to know something that isn't obvious at
first glance. QCOM is breaking serious support here...I
think that QCOM's story is less solid than they would hope
us to believe. Either that, or the evil short selling
market makers are driving the price down so that they can
get a better entry price for the next run to $200.

Chart courtesy of the little elves at DWA.
156 156
154 --* --------------------------------------------------------------------------------------154 -
152 X * 152
150 --X O * ----------------------------------------------------------------------------------150 -
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100 ----O X O X O X O X O ----------------------------------* --------------------------------100 -
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95 --------O X O --O --O --------------------------------------------* ----------------------95 -
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66 O X O X O X O X O X O X O X O X X O Med66
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61 O X O X O X O 7 O X O X O O X O X O 61
60 ------------------------O ----------O ----------O X O X O X O X ----O X O X O ------------60 -
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55 --------------------------------------------------------O X ------------------------------55 -
54 O X 54
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