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Strategies & Market Trends : Technical analysis for shorts & longs -- Ignore unavailable to you. Want to Upgrade?

To: j g cordes who wrote (24753)	1/7/2000 3:00:00 PM
From: Johnny Canuck	Read Replies (1) \| Respond to of 68389

Jim, I am doing the same thing. I lighten up on some QCOM today. I expect the start of an earning run up in the stock next week, but expectation are high and some of the blush has come off the telecom sector. It is now no longer invincible. If we can stay above 1420 on the SP 500 it should be bullish for next week. The strength has surprise me a bit. I thought we would pull bck when we reached the 50 percent level for the drop earlier this week. All the money waiting on the side lines not want to miss the next up leg I gather.