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

To: SKIP PAUL who wrote (42301)	9/23/1999 3:05:00 PM
From: Jim Willie CB	Read Replies (1) \| Respond to of 152472

on Nokia price chart, some TA observations looking at year to date 1999 NOK had a nice June/early July run from 70's to nearly 100... amazing how intimidating all the zeros are at multiples of 100... see QCOM today NOK displays a clear and strong intermediate term uptrend line, connecting 63 in midFeb to 70 in lateMay to 78 in earlyAug to 82 at Sept1st... buying on that line represents low risk and easy small/midsized profit following Q2 earnings? it came down hard in late July after posting a triple top stall with weakened relative strength... but its RSI was solid above 90 got a consolidating upchannel forming since August with moving averages coming into alignment now... note the upchannel with lower bounds at 78 in earlyAug, 82 in midAug 86 in midSept... with upper bounds of 87 in midAug, 90 in earlySept she looks to be gathering steady growth 15% off its 52wk high... not an ominous chart at all... could be a little ceiling resistance at 90 forming that competes with uptrend... it uptrend prevails, look for quick move to 95 its relative strength (to S&P) has been improving since early August when its decline ended... it is hardly stronger now than the S&P overall... but it is gathering strength fundamentally not so sure about the story... technically this little monster is gathering strength for slow growth I would think that Nokia will continue to be profitable with margin pressures offset by growing volume... they must get their act together with CDMA handsets working properly my two cents or two yen / Jimmy Hiataladenkatu (dad's street name when he was a guest professor in Helsinki)