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Strategies & Market Trends : The 56 Point TA; Charts With an Attitude
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To: Warthog who wrote (37654)12/2/2000 7:10:08 PM
From: Doug R  Read Replies (1) of 79450
 
Wart,

QCOM:
From the hit on the ACT in July to the high of 87 in Oct was the RR. 51 1/2 to 87 was about a 70% move matching the almost 75% drop from its alltime high to the ACT. Whatever it's doing now is outside of the IL/ACT/RR dynamic it had set up.
It does have a target line from that July low to that October high though. While using that as upside potential I'd also use the 11/2 to 11/30 uptrend line as a stop.

Doug R
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