Qualcomm Incorporated (QCOM) Message Board

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Technology Stocks : Qualcomm Incorporated (QCOM)

QCOM 159.42

-1.2%

Jan 16 9:30 AM EST

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To: qveauriche who wrote (96442)	3/30/2001 12:06:29 PM
From: Spytrdr	Read Replies (1) of 152472

qveauriche: the answer is yes, charts are -if analyzed well- incredibly predictive. news, macroeconomic developments, market dynamics, etc.: the chart ALREADY incorporates all that information and MORE. i emphasize if analized well, because this is more art than science, there are artists better than others. maybe the market is due for a small bounce. but it's very very tempting to short QCOM right here. the chart has doom written all over it. it's fascinating and very disturbing. it almost feels as if the chart is telling something ugly is about to happen. it's a classic, textbook case, descending triangle. what that means is this stockcharts.com once it breaks down from this congestion area, i think it will fall to the $ 30s in a hearbeat.

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