Tim, right now I have around 3900/4100 as the top of the next bull in the Naz, but it is 14 months out (April 2002?), that was the time frame a had QCOM reaching $135. Mind, you, because of many uncertainties, such as tax policies, consumer confidence etc. this is still a very rough target. Furthermore, the majority of that move will occur, IMTO, between a low (right now I have it at around 2650) in October and that April. The period from here to October might have two to three legs up, the first, from around 2150 (March 9th) to around 2850 (April 16?), after that, the picture once more becomes cloudy. Don't ask what happen in October 2002, last year was dream...All of course, courtesy of the turnips, and as you know, they reserve the right to be wrong, change their mind and change their mind often.
Zeev |
