Zeev's Turnips - No Politics Message Board

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Strategies & Market Trends : Zeev's Turnips - No Politics

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To: jjstingray who wrote (30504)	2/16/2002 1:41:35 AM
From: ajtj99	Read Replies (2) of 99280

jj, from the daily chart, it appears QCOM has a H&S that measures to 30, with the neckline starting at the mid-Oct. lows and running straight across. I could be wrong, as I'm not real good about measuring or identifying H&S formations. There is a falling support line that lines up with 30 next Friday. Maybe that's an intermediate target for QCOM. There is another less agressive support line extending from the Jan. pivot high that stopped the slide today. Either way, QCOM will have great difficulty getting above 41 Tuesday, as that is where the falling resistance line is at. It's a short any way you look at it right now, with an agressive falling channel.

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