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Technology Stocks : Qualcomm Incorporated (QCOM)
QCOM 175.07+2.6%Dec 3 3:59 PM EST
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To: marginmike who wrote (92960)1/30/2001 11:26:09 AM
From: 16yearcycle  Read Replies (1) of 152472
 
Ok. Thanks.

My position here is that the fed is aggressively easing, finally. AG is like you: like a great trader. He recognizes that the fed has erred and he is changing directions quickly. They will do 1/2 and another 1/4 in March. Another 1/4 in May. Another in June. This will be as aggressive an easing cycle the fed has instituted, by percentage, in decades. There will be a tremendous countertrend rally. We will pause at 3400-3500 and correct 7 -10%, waiting to see whether the fed actions work. If the fed is successful, we see 4200 before years end.
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