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


To: jewishcarpenter who wrote (45978)10/24/1999 8:44:00 PM
From: Venditâ„¢  Read Replies (2) | Respond to of 152472
 
JC
Please don't take this as me being critical of your answer to my question which was "what is your take on QCOM's direction Monday".

I see that your answer is non-committal with an escape hatch at either end of the answer. There is no way you can be wrong. i.e. you said Q will either go up or it will go down.

That being said may I ask if you are a fan of trend line support and resistance levels? If so can you explain Q's action on Friday as far as Q's upper trend line resistance and the expected consequences this may have in the coming week, speaking from an opinion stand point only.

I realize that TA is a bit like measuring the interior or a room by pulling a tape from wall to wall and then cutting a piece of wood to go the length of the room and then realizing that you have forgotten to account for the width of the floor molding in your measurements.

We are only human and are all subject to making an error regardless of how hard we may strive for accuracy. I'm a prime example of this at times.

Best
Vendit