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Strategies & Market Trends : Point and Figure Charting

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To: Judy who wrote (8022)	9/29/1998 6:24:00 AM
From: Bwe	Read Replies (2) of 34810

Good morning, Judy. QCOM's reversal down at $52 reinforces the strength of the BRL. BRL's are powerful foes and often are uncanny in the way they turn back price advances. Sideways basing action is good for a stock in many ways, one being that is gives the BRL time to come down while the stock consolidates sideways. QCOM could be setting up for a bullish breakout through the BRL, and thanks to you, the stock is now on my watch list. As Tom likes to say, p&f may not get you in at the exact bottom, but it will get me in to a stock to enjoy the majority of a good upmove. Please keep us updated on your thoughts on QCOM. Your pal, Bruce

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