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Strategies & Market Trends : Classic TA Workplace

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To: Shack who wrote (8184)	7/27/2001 12:31:21 AM
From: The Freep	Read Replies (1) of 209892

QCOM was up 3 after hours, Shack. That's a 5% move (for a stock that's 5% of the NDX. Is that like a Fib pattern or something??? <g>). Maybe Paul Shread was right earlier this week that a key catalyst could be the GDP. [That said, I just can't see how it'll be much of a surprise. . . or if it is. . . I can't fathom how that surprise will be interpreted (bottom! BUY!!! or bottom's low! SELL!).] I guess we'll know tomorrow. From my point of view, I think I'll watch a little. . . see if we break through the wedge or if any index can make even a short term higher high (SOXX, perhaps, on the back of all those great fundamentals?). There seem to be many possible scenarios at play here, any of which could play out. There might be both some good shorting ops, or even some good longs on a pullback. But the market has been confounding for weeks now. . .and I don't suspect tomorrow it'll suddenly grant us clarity. but I'm just a freep, and I never have clarity anyway.

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