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


To: LindyBill who wrote (42210)9/22/1999 5:53:00 PM
From: Jim Willie CB  Read Replies (1) | Respond to of 152472
 
toughest part of TA chart reading is calling the turns

especially when things "appear" to be deteriorating
especially when things "appear" to be skyrocketing

Acampora mades good sense... standard Dow Theory
explains the choppy looking charts on major indexes
many things weighing on the stock market these days

TA should never listen to the din of negative reports
that sounds like anathema, but it is true
such reports are built into the price in days/weeks prior

a contary fundamentalist should look for the "crescendo" of negativity as bullish
I believe we heard a crescendo in 150's when we enjoyed a bad cup of coffee
the negativity began to border on the absurd

this is a really really tough game
dont be too hard on GC
my emotions were contradicting my logic back in 162-165
/ jim



To: LindyBill who wrote (42210)9/22/1999 9:39:00 PM
From: gc  Read Replies (2) | Respond to of 152472
 
Where have you been during these 15 days? QCOM's announcement of handset business sale changed the whole picture and the stock just took off. My first prediction would have been correct if Q had not made that announcement. Do you understand physics at all? External force and only external force may change the direction of motion. That announcement is the external force. BTW, the purpose of my post did not and will not ever intend to influence others. So, I can care less if you or someone else take me less seriously (or more seriously for that matter.) I don't have an agenda. I speak from my mind.