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Technology Stocks : Qualcomm Incorporated (QCOM)
QCOM 166.81-4.1%Nov 17 3:59 PM EST
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To: Dom B. who wrote (82336)10/5/2000 11:12:30 AM
From: J.B.C.  Read Replies (1) of 152472
 
This is a great chart, it's a "bullish catapult" formation.
We broke through the Bearish Resistance Line, yesterday. The Point and Figure relative strength reversed to X' s on 9/19.
The 200 DMA is a tad under $100. All indicators looking real good.
Remember that there are a lot of people who have a bad taste in their mouths with regard to QCOM,
and will look for any strength to bail.
The road to $120's will be rocky,
but I think we get there. Add on any pullbacks right now.

Jim

81 * 81
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70 -X O ------------X --X --------------------------X O X O ------------------70 -
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67 -X O X ----------X O X O ----X ------------------X ------------------------67 -
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65 -X O X O --------X O X O X O X O ------------X --X -------------------- Med65 -
64 X O X O X O X O X O X O X O X * 64
63 X O O X X X O X O X 8 X O X X O X * 63
62 O X O X O X O X O X O X O X O X X O X * 62
61 O X O 7 O X O X O O X O X O X X O X O X * 61
60 -------O X O X O X O X ----O X O X O X O X O X O X --* --------------------60 -
59 O X O X O X O X O O O X O X 9 O X * 59
58 O O O X O O X O O * 58
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56 O X O X 56
55 ---------------O X ----------------O --------------------------------------55 -
54 O X 54
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50 ---------------------------------------------------------------------------50 -
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