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Technology Stocks : Qualcomm Incorporated (QCOM)
QCOM 177.78-2.2%Jan 9 9:30 AM EST
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To: Caxton Rhodes who wrote (113227)2/20/2002 11:47:56 AM
From: David E. Taylor  Read Replies (2) of 152472
 
Caxton:

Looking at my long term chart for QCOM, I notice that the lower line of the pernicious and persistent short term downtrend (Nov/Dec 2001 to present) is about to intersect the lower line of the ominous and overpowering "giant falling wedge" (Spring 2000 to present).

This cataclysmic collision is scheduled to occur on Friday, 2/22 at around $32.50. There's probably a TA term for it, but if there isn't, maybe you can invent one. It's anybody's guess as to what will happen subsequent to this momentous event.

David T.
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