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

To: marginmike who wrote (36857)	7/22/1999 6:29:00 PM
From: LindyBill	Read Replies (1) \| Respond to of 152472

So whats going to happen Hey, so we are back to where we were a week ago. Not to worry! I can guarantee you one thing about Q. It is going to go up and down. (but, long term, up!)

To: marginmike who wrote (36857)	7/23/1999 2:14:00 AM
From: Doug R	Read Replies (1) \| Respond to of 152472

Draw a trendline along the lows on 3/23/99 and 3/24/99 and track it (or if your software allows, extend it into the future...don't worry about working in the future though...the trendline will still exist when the future occurs). When the price hits that line, calculate the % drop from the high. The bounce up from that line will be very nearly the same % as the drop. ie...if a stock hits 20 and does what QCOM just did and drops to 10...that's 50%...50% of 10 is 5. The expectation for that bounce would be a move to 15. Now, about this swammi crap. I found something that works. Consistently. Period. It's not me...it's the chart. Don't worry about me though. I get that type of feedback every time I choose to visit a thread with the message. And you know what??? This particular message conveyed by the chart is the most consistent thing I've ever run across. And I don't mind saying that I have spent thousands of hours analyzing thousands of charts in order to put together an arsenal of supply/demand weaponry that some people try to characterize as witchcraft...or voodoo...or reading entrails...etc. It must be a social hangover from the days of Copernicus, or the Salem witch trials. "Look at that! I can't understand it! It must be sorcery! Or worse! It's...it's...swammiism!! Yeah, that's what it is." Actually, it's just the chart. Doug R