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Technology Stocks : Qualcomm Incorporated (QCOM)
QCOM 174.54-1.2%Nov 13 3:59 PM EST

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To: limtex who wrote (27123)4/15/1999 11:42:00 AM
From: Jim Willie CB  Read Replies (1) of 152472
 
technical analysis gets no respect
never underestimate the Elliott shorterm model
during and following extreme breakouts
very possibly will see 130's before 180's
believe 130's for cup of coffee... only briefly
rotation underway from techs to silly cyclicals
last time that happened was January, lasted 4 days
this might last longer since techs rise was huge

rise from 70 to 170
3/8 correction would be 135 or so
hard to call it "a rout", maybe a typical textbook correction
prediction: QCOM @ 1000 by 2003

watchword: volatility
/ jim
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