Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Ruffian who wrote (52224)	12/2/1999 8:47:00 AM
From: Jim Willie CB	Read Replies (2) \| Respond to of 152472

TA - QCOM finding support with its 10day MovingAvg we are at our 10MA now... yesterday saw its first violation of the 10day MA since the last week of October... now that is support... Money Flow has been subdued during this latest downcycle, a strong positive sign... we still need a couple stabilizing days before an upleg can begin... but the downcycle seems to be coming to an end... no daily stochastic crossover until a couple more strong closes happen... support at 360 seems good... that was a 13 point response yday morning (from 355 to 368 in under an hour)... smells like bottom behavior to this jackass a bullish triangle has formed, provided we not close below 360, with recent lows progressively notching higher... ceiling at 380-385... impulse lows at 345 then 360 and now at 360 again... the triangle calls for at least shorterm for a move to about 420 or so NazComp is feeling the strength of good shorterm support at 3350... it worked last week sharply and worked again this week at that level... dunno if it will hold upon additional tests S&P is feeling some support also at the 1385 level... seems like just yesterday it was at 500 in the year 1995... we may have seen the end of the second down impulse leg already... dunno for sure... but downlegs in a longterm uptrend tend to occur in pairs best of all, Treasury Bonds have begun to stabilize... they did not like being over 6.3% on yield, and let's hope that reluctance continues... bonds shore up the USdollar, which has withstood the cowardly holiday attack... is there no shame? Q rocks in a matter of hours or days, probably days / Jim