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Technology Stocks : Qualcomm Incorporated (QCOM) -- Ignore unavailable to you. Want to Upgrade?


To: Teresa Lo who wrote (32756)6/20/1999 10:28:00 AM
From: Jim Willie CB  Read Replies (1) | Respond to of 152472
 
TA can be useful as predictive tool
with momentum swings, the target can be laid out using length of swing added to previous resistance

with a bullish inverted triangle, the target can be laid out using height of triangle added to flat top

with head & shoulder reversal, the target can be laid out using height of "head" added to shoulder resistance

with Elliott Wave, a target can be laid out for corrections following triple uplegs

maybe I am getting caught up in the semantics... I regard a TA target as a tentative prediction until evidence to the contrary surfaces

theQ should continue its strong closing momentum from Friday, but agreed on support at 120

/jim willie