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


To: Ruffian who wrote (63674)1/24/2000 1:19:00 AM
From: LindyBill  Respond to of 152472
 
Yeah, Ruff, I scanned the MSN folder you referred to on QCOM. The only problem with this type of analysis is that it will consistently undervalue a Gorilla like Qualcomm.



To: Ruffian who wrote (63674)1/24/2000 10:02:00 AM
From: Jim Willie CB  Read Replies (1) | Respond to of 152472
 
TA: 160 is an unstable price level

without some power, 160 will prove tough resistance
once past 160, we should power to 170

160 offered significant support when we came down in early Jan
now that same former support offers new resistance
people are bailing out who were underwater, having bought at 160 two weeks ago

once past 160, the power will come from shorts covering
not talking about millions of shorts, just those playing 160

history was made last week:
Dow down all five days
Naz up all five days
that is serious high level rotation
signs of Dispersion, bullish signs

/ Jim Willie