Qualcomm Incorporated (QCOM) Message Board

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Technology Stocks : Qualcomm Incorporated (QCOM)

QCOM 154.29

-3.2%

2:56 PM EST

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To: Bruce Brown who wrote (106005)	10/4/2001 8:40:55 PM
From: Jon Koplik	Read Replies (3) of 152472

Re : explanation for Q sucking / "it could simply be the chart" -- I just want to get it "on the record" : Based on my limited understanding of technical analysis (TA) ... Is it clear that the people who think looking at past stock price behavior is useful in predicting future price behavior ... Will say : Based on QCOM closing at a new 3 month (and 6 month) (and 12 month) (and 24 month) low ... And, based on QCOM being below all relevant moving averages (a mathematical certainty, given today's close was a new 2 year low). Then ... therefore, TA absolutely predicts QCOM should suck some more, for a while ? Would someone please confirm this ? (before we see what happens tomorrow) (including the before 9:30 A.M. bid / ask price movements). I want to get this in print NOW, so that if and when the recent QCOM share price action turns out to be a "whole move based on NOTHING" (my own personal belief) ... Then, I can point to this as yet another example of TA being absurd. Jon.

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