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Strategies & Market Trends : John Pitera's Market Laboratory

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To: John Pitera who wrote (4935)10/25/2001 10:09:34 PM
From: Jon Koplik  Read Replies (1) of 33421
 
John -- while catching up on about 65 posts on your thread, I hit the one mentioning Qualcomm (from that theStreet.com piece) :

<<<For example, check out the action in Qualcomm (QCOM:Nasdaq - news - commentary) from Wednesday and compare it with the action from the day before. Wednesday's open was higher than Tuesday's. Wednesday's high was higher than Tuesday's. Wednesday's low was lower than Tuesday's, and it closed lower than Tuesday's low, at its low of the day. It's too technical, but easy enough to figure that it ain't a good sign.>>>

As someone who has been "up to my eyeballs" in Qualcomm for a long time, my reaction upon reading this was : HUH ?

If you had followed the seemingly obvious chart signal he pointed out (and sold on that Wednesday's close), you would have had the stock go up 6 days in a row since then, for a total of about $9.00 per share !

Jon.
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