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Strategies & Market Trends : Stock Attack -- A Complete Analysis
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To: Paul Shread who wrote (34656)11/2/2000 5:11:56 PM
From: adcpres  Read Replies (1) of 42787
 
Paul, QCOM trading up about 6 points -- Penny above expectations may give some boost on the open but not a major refueling for the rocket.

What do you think about this concerning the COMP?
Look at the daily chart for the last year. We had a double top formed in March with a sharp break down in April. Then there was a HS formed on the way further down with the head at the beginning of May and this pattern was followed by more downside where it bottomed in the third week of May.

Now we get another double top formed on the way up in mid July and end of August with another break down from Sept to mid Oct. Here we are with another HS pattern emerging(on the way down?) in Oct. with us speculating the future. Am I all wet seeing doom and gloom, or does this not have any significance? Is there any historical comparison that can be made? Sometimes we see what we want and our biases get in the way. AM I biased to the negative here? What do you think? Can you find a bullish interpretation? GH
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