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


To: Ruffian who wrote (48666)11/9/1999 2:51:00 PM
From: Jim Willie CB  Read Replies (2) | Respond to of 152472
 
I see staged pattern of "pause, rest, backfill, advance"
QCOM still is NOT displaying "top behavior" at all
I see no TA target from patterns, only unbridled breakout
excellent volume continues and is requisite for pause pattern credibility

when these happen, my experience says the price pursues a psychologically meaningful point
VoltMan likes 400, which divides to 100 upon split

hey RuffDog, howcome Vegas aint got no good looking women?
what were all those tables with money on them and stuff spinning and cards spreading and music playing?
good to be back with my liver intact

/ Jim Willie



To: Ruffian who wrote (48666)11/9/1999 6:08:00 PM
From: JohnG  Respond to of 152472
 
Ruffian,
Pattern is a super find. This guy is becoming a legend.
JohnG



To: Ruffian who wrote (48666)11/10/1999 8:47:00 AM
From: Jim Willie CB  Read Replies (1) | Respond to of 152472
 
some TA and SA tidbits

TA: QCOM poked its head into the 3rd pavilion yesterday... it found a rainy uncertain day with the Naz retreating... so it came back inside but rested at the doorstep just as expected... I believe this is a classic technical springboard move (ever go diving off 3meter board?)... I see a continuation of breakout, only awaiting some kinder and gentler winds... closing above 298 yday is a strong positive... we sit just above the old intraday high, poised for a move very shortly (hours or days)

daily stochastic indicator is high, doesnt tell much to me... we have been holding our bigstep gains in the last week... I see no negative crossover... this meter has less predictive power right now

we are incredibly using the upper Bollinger Band as a support line !!!!!!!
the price is not being brought down below overbought levels
this tells me we are in a confirmed and endorsed breakout mode
check AOL three years ago for a precedent

SA: the bluejean indicator is once again evident, with a clear Flank&Limb pattern
this could be big, altho the fit is more relaxed than in Vegas

options anyone?
/ Jim Willie