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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 695.59+0.4%Jan 27 4:00 PM EST

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To: waverider who wrote (73398)3/27/2001 9:44:58 PM
From: gfs_1999  Read Replies (1) of 99985
 
QCOM chart, may be a H&S bottom but MA 200 x MA 50
triggered a sell signal 6 days ago. I would prefer to buy it when MA 200 come back again below MA 50. If I want to buy it I would wait until Qcom break its down trend line with good volume. PE 2000 63 and PE 2001 45 IMO not cheap
High PE stock are being punished.

May be good for a trade target price 70's due downtrend line and MA 200 or MA 50 resistence

Regards
GFS
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