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

To: Jill who wrote (42547)	9/26/1999 2:28:00 PM
From: MileHigh	Respond to of 152472

However, Bloch warned that a rally could be stifled by investors who had bought huge amounts of shares while the Dow was between 10,500 and its high at 11,300. As the market rises, they might sell their shares and choke off a rebound. ``People are going to say, 'I'm even or close to even, let me get the heck out,' Bloch said. This comment is a good example of the technical dynamics in the market and what is termed overhead resistance. When investor sentiment is sour in the NT, rallies fail and people (traders) bail at breakevens or there abouts. That's why, IMHO, when overhead resistance is taken out on strong volume it is a positive technical indicator. What is my point? I am simply stating that although TA should NEVER be of more importance than FA, it does help one establish a position in strong companies. RE Q, we have had a few attempts at high 190's range lately only to come back off these levels. But no concern from me as Q is strong as a rock in this current market weakness.... When the market starts to bottom, I will leverage more shares of Q. IMO, we are not there yet. Regards to All! MileHigh

To: Jill who wrote (42547)	9/26/1999 3:14:00 PM
From: waverider	Respond to of 152472

myopia

To: Jill who wrote (42547)	9/26/1999 6:14:00 PM
From: Voltaire	Read Replies (1) \| Respond to of 152472

Hi Jill, I was writing a post to C. Nelson last night and decided not to post it but I wish I had. I was explaining to him how in all large, stable, and largely money oriented hierarchies there is always a silent and reassuring spokesman and until those people speak everything else is BLATHER. Vegas has it's Steve Wynn and we have our Abby Cohen. Well, she spoke today so all the worry and fear mongers can come out from under the bed now. SHE IS TELLING EVERYONE WHAT THEIR AGENDA IS - I do not understand why this is so hard to see! I realize the things I am expounding on are just too simplistic for the Econ. 101 crowd but there is absolutely nothing complicated about a multi-trillion dollar trading stall, they all look the same. Just look inside and you will see the same obstacles to one making a profit, greed, fear, and MAINLY - ANXIETY NEUROSIS! This market is no more complicated than a game of marbles. Anyone got a Stoney for a Steely. Selah, Voltaire