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

To: Ruffian who wrote (46790)	11/1/1999 8:43:00 AM
From: Jim Willie CB	Read Replies (4) \| Respond to of 152472

TA, strong bullish inverted triangle now overtakes Cup&Handle pattern with ceiling at 225, we have had two retractions from that level... the first in mid-Oct took us down to 195 on close... the second last week took us down to 208 on close.. this triangle has lower boundary sloped up by the 195-208 points... it "invites" resolution within days, like this week... Bullish Triangles are my other favorite TA pattern, every bit as solid as Cup&Handles for predictive purposes... it points to a nearterm TA target of 255... but in the shorterm that swing to 205 indicates a shorterm TA target of 240 eventually 255 very shortly 240 caution: volume has been insufficient to break out this concerns me... perhaps GoldmanSachs and SmithBarney are engaged in a fakeout maneuver to suppress the stock... unsure about it... but WE NEED A 7 MILLION SHARE DAY got a daily stochastic crossover that should help to propel Q higher in the very shorterm, as closing prices have been nearer the highs on the day ordered a book from the pioneering author of Japanese Candlestick technical analysis techniques... this is a powerful 3D technique... on Wednesday we showed a "hammer" pattern indicating strong reversal potential... hoping Friday's action was not an "evening star"... always learning / Jim Willie Corned Beef