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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: JGoren who wrote (29305)	10/13/1999 7:41:00 AM
From: donald sew	Respond to of 99985

Hi, Per my short-term technicals, QCOM is still in the upper midrange, so there is still plenty of potential downside. The first support is around 200 and the 21 DMA is around 192. seeya

To: JGoren who wrote (29305)	10/13/1999 8:17:00 AM
From: Matthew L. Jones	Respond to of 99985

At first glance (and depending on your time frame) I have support levels at: 205 (lower Bollinger band on 60 minute chart) which I would only use to enter a short term (2-3 day up move) IF the 5 period MA has a positive slope. For longer term plays, 193 (20 dMA on a day chart)is the next support level and finally 170 (lower Bollinger band on day chart) which once again I would only use to enter a longer term 2-3 week up move IF the 5 dMA has a positive slope and RSI is lower than 43 (QCOM's historical RSI pivot area). Matt