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Technology Stocks : Qualcomm Incorporated (QCOM)
QCOM 175.25+0.6%Dec 19 9:30 AM EST

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To: rhet0ric who wrote (9424)3/26/1998 3:25:00 PM
From: John Dough  Read Replies (1) of 152472
 
To all: Someone pointed out to me an interesting pattern on the QCOM 100-month chart, for what it's worth: techstocks.com
Note that, since 1995, the stock has followed a similar cycle every 8 to 10 months. During each cycle, it spikes upward, then falls back to a point higher than the previous low, then repeats. It's done this four times. I'm no chartist, but it appears that the stock is poised to repeat this pattern soon - we seem to be at the low point. This can also be seen very clearly on the 100-week chart. Can any chartists out there confirm this as a bullish sign?
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