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Pastimes : ASK Vendit Off Topic Questions -- Ignore unavailable to you. Want to Upgrade?


To: Poet who wrote (6330)1/7/2000 1:12:00 PM
From: Venditâ„¢  Respond to of 19374
 
Candle Power!!!!!!!

Lets see if the naz will allow it to stand.

:8-)



To: Poet who wrote (6330)1/8/2000 8:55:00 PM
From: Venditâ„¢  Read Replies (1) | Respond to of 19374
 
More thoughts about Q and the general direction of the COMPX.

For what it's worth;

I called up charts Friday for 50 to 75 tech stock leaders as well as
watching several using L-II Real Time tick x tick charts and also watched the NASDAQ in this same fashion.

My thoughts that are based on the above information are that we have at least seen the worst of this sell off for now. I am expecting a continued rally on Monday but I still think that the NAZ has some more down side left.

I firmly believe that QCOM saw it's bottom as it filled the gap on Friday morning. The technical indicators show a bottom forming but no real momentum yet.

Next upper resistance is about $161 and I expect a retracement back to the support level that held on Friday which is just above $150.

i.e. a general sideways trend for Q and the rest of the tech leaders for a short time as they regain strength and investor's confidence.

All IMHO

Reid