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

To: DownSouth who wrote (44246)	10/12/1999 12:14:00 AM
From: finfan	Respond to of 152472

The 30 day volume linear regression line has a 10 or 15 degrees negative slope to it. That line has to straighten out and turn up real soon to support continued upward movement for QCOM. If QCOM drops, it will drop to 190-195 range. QCOM needs to average better than 7.5 M shares daily for the upturn to continue. Technical Analysis is a very good tool. Take a look at RBAK's chart. The price was solidly supported by its uptrend line. That line held up perfectly 4 times since late July. RBAK bounced up every time the price hit the uptrend line. Another very recent example is Texas Instruments, TXN. Its up channel goes back to late May and it has been working like clockwork. The latest round took place this last Friday Oct 8, when TXN hit the lower line of the upchannel at about 84 only to turn up strongly to close at 90 today (10/11). Keep your mind and options open at all times. It can only help.