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

To: Benjamin Bracket who wrote (55222)	12/20/1999 2:22:00 PM
From: Jim Willie CB	Respond to of 152472

re: momentum swing targets first a warning... if you are a serious engineer, this is so far under your head that its validity must be questioned... it lacks complexity and therefore credibility job requirements are simple arithmetic and some pattern recognition... LaPlace transforms, Fourier transforms, multiple integration, parallel/series logic, logarithms, even simple long division, NOT REQUIRED as a result of its simplicity, engineers regard it with contempt as worthless... it does not fail though... with Technical Analysis, the simple observations are the most powerful take a recent QCOM top... e.g. mid-November 405 take its following QCOM bottom... e.g. next week 330 this is intraday observation the swing down had size 405-330=75 pts, not rocket science the swing up will have 75 pt size also, also intraday target 405+75=480 this TA target was stated over a week ago I doubt 480 will offer much resistance any news of significance and we blow it away I consider this momentum rule as a cute corollary to the physics law: mass times velocity is preserved (dont be confused with money moving at speed of light) (we are talking about movement of price) / Jim Willie