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

To: dennis michael patterson who wrote (29585)	10/14/1999 10:21:00 AM
From: donald sew	Respond to of 99985

Dennis, I had some previous requests to TA QCOM, and I had indicated to them that there were 2 support areas, one being around 200 and the other at the 21 DMA around 193. Just noticed that it looks like it wants to bounce off the 193 area. However, I just checked and my short-term technicals for QCOM is in the lower midrange, which implies that there could be more downside. On the positive side there was a gap to the downside and right now there is a DOJI, so if it closes around 199-195, it would be a SHOOTING STAR which would imply there is a good chance that it will bounce. The key is that it should not close near the intraday lows around 93 or lower. seeya