Qualcomm Incorporated (QCOM) Message Board

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Technology Stocks : Qualcomm Incorporated (QCOM)

QCOM 166.05

+0.6%

3:59 PM EST

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To: waverider who wrote (119704)	6/2/2002 1:19:03 PM
From: Caxton Rhodes	Read Replies (2) of 152472

WR, you are like Rodney Dangerfield, you get no respect. You posted emotionally on the highs and now we are subjected the mirror image. TA wise, one reason I am not bullish on qcom, is it is now near the top of the upper wedge line using the March, April and May tops, the lower line is drawn using the the April 01 and May 02 lows. That lower line hits 23 around the middle of June. As MM said, the naz looks dicey. I don't have much confidence in Qcom breaking out to the upside until after some sort of downside capitulation is seen on the naz. In other words, it goes down before it goes up, is my guess. Caxton

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