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

To: Jim Willie CB who wrote (62147)	1/13/2000 6:46:00 PM
From: T L Comiskey	Respond to of 152472

See wireless info below... Intell a Santa Clara, Calif.-based company reported net income for the quarter, excluding acquisition-related costs, of $2.4 billion, up 15% from $2.08 billion in the same quarter last year. President and CEO Craig Barrett said the company would focus on continued growth of the core microprocessor business and midyear production of a new Itanium processor. Sales for the period jumped 8% to $8.2 billion compared with $7.6 billion in the year-earlier period. While Intel expects to increase revenue by 50% across its networking, communication and wireless businesses,

To: Jim Willie CB who wrote (62147)	1/13/2000 6:54:00 PM
From: J Krnjeu	Read Replies (2) \| Respond to of 152472

Mr. Jim Willie CB, , the S&P QCOM thread is chockfull of goodies Does anyone have the web address to the S&P QCOM thread? Thank You JK

To: Jim Willie CB who wrote (62147)	1/13/2000 11:32:00 PM
From: Ruffian	Read Replies (1) \| Respond to of 152472

Qualcomm, Inc. (NASDAQ: QCOM) Market CallT for January 14, 2000 by Mark Seleznov, TrendTrader.com The purpose of this Market Call section is to educate its readers in technical analysis patterns and indicators. As with all investment information, you need to research information and consult your financial advisor before initiating any strategies that are contained in Market Call. Also, you must realize that as with all trading strategies, opinions can change quickly depending on market conditions and developments. This column presents historical examples, potential set ups, and examples of entry and exit strategies. MACD "Moving Average Convergence/Divergence" The MACD is a trend following momentum indicator that shows the relationship between three moving averages of prices. This method can be used for any time frame. It could be 5 minute bars, 15 minutes bars or daily bars. Many traders will also trade in multiple time frames using a longer time frame for trend, and the shorter period for entry and exit. We are looking at 60-minute charts below. The MACD is the difference between a 26-day and 12-day exponential moving average. A 9 period exponential moving average, called the "signal" (or "trigger") line is plotted on top of the MACD to show buy/sell opportunities. On the charts below, the MACD line is the histogram, and the red moving line is the signal line. There are three popular ways to use the MACD: crossovers, overbought/oversold conditions, and divergences. The most common use is as a crossover method. Using this interpretation, the trading rule is to sell when the MACD falls below its signal line. Similarly, a buy signal occurs when the MACD rises above its signal line. It is also popular to buy/sell when the MACD goes above/below zero. Some traders will use MACD as an overbought and oversold indicator. When using the indicator in this manner, when the shorter moving average pulls away dramatically from the longer moving average (i.e., the MACD rises), it is likely that the security price is overextending and will soon return to more realistic levels. MACD overbought and oversold conditions vary from security to security. The other way some traders use MACD is to spot divergences from an anticipated movement. Since there are no indicators or patterns that work all the time, reactions against the anticipated move can signal a major move. A bearish divergence occurs when the MACD is making new lows while prices fail to reach new lows. A bullish divergence occurs when the MACD is making new highs while prices fail to reach new highs. Both of these divergences are most significant when they occur at relatively overbought/oversold levels. Let's look at Qualcomm, Inc. (NASDAQ: QCOM). Late this afternoon (Thursday), QCOM gave a MACD Buy signal. This is the second one in the last week and you can see from the chart below that this time QCOM is producing this signal from a higher high than the last time. Since this is a fresh signal, QCOM should continue higher in the morning. I would Buy QCOM on the opening. I would place a stop at 139. Chart courtesy of