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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA -- Ignore unavailable to you. Want to Upgrade?

To: marginmike who wrote (2255)	1/5/2000 11:11:00 AM
From: J.T.	Read Replies (2) \| Respond to of 19219

marginmike, there is always an inflection point where fundamentals fail to call the turn in the broad market turn and it is the technicals that lead the way down. It is that point where advancces in stock prices already factor in and have built in that premium for future earnings growth. We are not there yet, but as you know well we are getting closer. I still think new highs are ahead. This is another opportunity for QCOM longs to be sure. Most investors who aren't in QCOM probably feel everybody else is getting rich but them. And then when the market gets whacked 10% in 3 days people get that sick feeling all over again. Then its time to get back in. We are at that moment now. Best Regards, J.T.

To: marginmike who wrote (2255)	1/5/2000 12:47:00 PM
From: LBstocks	Read Replies (2) \| Respond to of 19219

On the whole, tech earnings should be good this quarter. We are only two weeks away from the earnings season and there have been very few earnings warnings. SAWS (supplier of CDMA components) pre-announced upside earnings yesterday. QCOM's earnings should be excellent.