Qualcomm Incorporated (QCOM) Message Board

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Technology Stocks : Qualcomm Incorporated (QCOM)

QCOM 166.11

+0.6%

2:38 PM EST

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To: rkral who wrote (119533)	5/30/2002 10:36:33 PM
From: waverider	Read Replies (1) of 152472

Bearish wedge was mis-applied in this case. I meant to say a descending triangle. The bearish nature of the beast is what stuck out for me. Patterns I've got, but I have a hell of a time getting the terms right. The odds favor a downside breakout from descending triangles. QCOM has one now. Filtered through the background matrix of the lousy market, it would certainly prelude someone from entering into a position until the situation is resolved. wr

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