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

To: Ken Bobey who wrote (37795)	8/7/1999 1:51:00 AM
From: Boplicity	Read Replies (1) \| Respond to of 152472

QCOM could be the one of the last to break down, once it does, the bottom for the whole market could very well be at hand. QCOM is forming what looks to me as an H and S top. Also QCOM is running up against the upper channel of what could be looked at as a down trend. A failure here would signal the completion of the right shoulder. The only problem with the above is the fundamentals and the Q story do not support a top in the making. In other words, there is nothing solidly negative other then weak MOT ASIC news to support a top in the making. So baring any negative news that would alter Q's story, a short term top in QCOM now would be caused my the general market's continuing funk. Greg