Groundhog Day Message Board

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Strategies & Market Trends : Groundhog Day

QQQ 585.67

-2.4%

4:00 PM EST

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To: John Pitera who wrote (2209)	4/24/2002 6:40:59 PM
From: Jorj X Mckie	Read Replies (1) of 6346

Hi John, One of the rules that I have been working with lately is "support is meant to be broken in this market". QCOM's support isn't that significant either. stockcharts.com So I do expect a little bounce here, but I am lookin at it as a shortable bounce. Another thing that I am looking for to go long in a real way, is for stocks to really build a base. I am skeptical of one day capitulations. And we know that Qcommies have religion, they have not capitulated yet. Here is a qcom chart that might be interesting. stockcharts.com[w,a]daclyyay[pb50!b200][vc60][iub14!la12,26,9][J4120446,Y]&listNum=1 Now here is a stock that built a nice base before going up. stockcharts.com

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