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


To: Poet who wrote (64877)1/28/2000 11:03:00 AM
From: 16yearcycle  Read Replies (2) | Respond to of 152472
 
Well, well, posting volume falling to September pace. What could it mean?

The 200 day ema is about 62. That is a huge problem as we feel around here. Q is trying to find a bottom, but 50% retracements from closing highs are normal for "high flyers." This means 90 is a real possibility. I have bought a little more today, and will buy at 110, and back up the truck at 100, and go to margin deeply at 90.

The pace of the drop needs to slow so that the 200 day doesn't come into play. The 200 day is moving up, but won't even get to 80 within 60 days. Not good, if we break under 100 soon.